114. Currency Regulations for

India

Q: Hi Mr. Chand, I recently found your site and found it very useful. I did have some specific questions. 1] I am US citizen. I am going to India with my family of three(total 4). How much from rupees to dollar can each one of us get at the airport or at a dealer in cash? What is the limit to bring dollar to US for Us citizen? If I need to convert more than the limit, do you know what is a way to do that? 2] Is there any limit or restriction in bring personal gold jewelry from India and into USA? Nalin A. Any person can bring into India from a place outside India foreign exchange without any limit. However, declaration of foreign exchange/currency is required to be made by filling out a currency declaration form in the following cases: (a) Where the value of foreign currency notes exceeds US$ 5000/- or equivalent (b) Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent For sample of India’s Currency Declaration Form is provided HERE Most banks, Thomas Cook and American Express outlets are authorized to convert foreign currency to Rupees and issue a valid receipt. Any amount of Rupees you do not use can be reconverted to the original foreign currency. There is facility to exchange currency at the airport on arrival but the exchange rate is slightly lower. For customs information on USA check the US Customs website HERE