About Currency, India

There are no restrictions on the amount of foreign currency or travellers’ cheques a tourist may bring into India provided he makes a declaration in the Currency Declaration Form given to him on arrival. This will enable him not only to exchange the currency bought in, but also to take the unspent currency out of India on departure. Cash, bank notes and travellers’ cheques up to US$ 1,000 or equivalent, need not be declared at the time of entry. Any money in the form of travellers’ cheques, drafts, bills, cheques, etc. in convertible currencies, which tourists wish to convert into Indian currency, should be exchanged only through authorised money changers and banks who will issue an encashment certificate that is required at the time of reconversion of any unspent money into foreign currency. Exchanging of foreign currency other than banks or authorised money changers is an offense under Foreign Exchange Regulations Act 1973.