Declaration is required if the amount is higher.īefore your departure, it's best to prepare money in different forms: a combination of cash, credit cards, and traveler's checks just in case you need them. Visitors can bring up to US$5,000 or its equivalent in another currency in coins and notes, or US$10,000 or its equivalent in another currency in coins, notes and traveler’s checks to enter India without needing to declare it. Can I take foreign currencies (like US dollars and Euros) to India?įoreign currencies are permitted to be taken into India and there is no limit to how much a visitor can take. If you are a resident of India, you can bring up to ₹25,000 (US$350) without needing to declare.Ĥ. Foreigners are not allowed to carry the Indian currency into India. At the time of writing this post (November 11, 2019), US$1 equaled around ₹70 £1 was worth about ₹91 AU$1 was around ₹49 CA$1 equaled around ₹54 €1 was worth about ₹79. The exchange rates between the Indian rupee and other currencies fluctuate. What are the exchange rates between the major currencies and the rupee?
Tip: The US dollar is also widely accepted in India, but it is still recommended to get some rupees of small denominations which can be used in remote areas where the US dollar may not be accepted.Ģ. So don't accept the ₹1,000 banknote as it is no longer valid. There used to be the ₹1,000 banknote, but it was demonetized in November 2016 in an effort to combat the use of illicit and counterfeit cash for funding illegal activities. The official currency of India is the Indian rupee (sign: ₹ code: INR), which is divided into 100 paise (p). If you are planning a trip to India, before you go check out this guide for handling your travel money. It is one of the most affordable places to visit. In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.49/2018-CUSTOMS (N.T.), dated 7 th June, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs (CBIC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22 nd June, 2018, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said Section, relating to Imported and Export Goods.India is a great country to travel to not only for its diverse things to see and do but also for its value for money.
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