Thursday, July 16, 2015

Export and Import of Currency: Enhanced Facilities for Residents and Non-Residents

The Reserve Bank of India (RBI) has increased the cap on foreign exchange remittances to $125,000 from $75,000 per financial year for individuals. Also, any person may take outside India or may
bring into India (other than to and from Nepal and Bhutan) Indian currency notes up to an amount not exceeding ` 25,000.

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