MANU/APDR/0008/2019
Ministry : Reserve Bank of India
Department/Board : RBI A.P. DIR (Series)
Circular No. : A. P. (DIR Series) Circular No. 24
RBI/2018-2019/144
Date : 20.03.2019
Notification/ Circulars Referred : Notification No. FEMA 6(R) /RB-2015 dated December 29, 2015 MANU/RFEM/0037/2015;Notification 6(R)/(1)/2019-RB dated February 26, 2019 MANU/RFEM/0003/2019
Citing Reference:
Notification No. FEMA 6(R) /RB-2015 dated December 29, 2015 MANU/RFEM/0037/2015 Referred
Notification 6(R)/(1)/2019-RB dated February 26, 2019 MANU/RFEM/0003/2019 Referred
To
All Authorised Persons
Madam/Sir,
Export and Import of Indian Currency
Attention of Authorised Persons is invited to Regulation 8 of Foreign Exchange Management (Export and import of currency) Regulations, 2015, in terms of which a person may take or send out of India to Nepal or Bhutan and bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India for any amount in denominations up to ` 100/-. Further, an individual may carry to Nepal or Bhutan, currency notes of Reserve Bank of India denominations above ` 100/-, i.e. currency notes of ` 500/- and/or ` 1000/- denominations, subject to a limit of ` 25,000/-.
2. It has now been decided that an individual travelling from India to Nepal or Bhutan may carry Reserve Bank of India currency notes in Mahatma Gandhi (New) Series of denominations
` 200/- and/or
` 500/- subject to a total limit of
` 25,000/- Instructions regarding currency notes of Government of India and Reser........