There is no limit to bring foreign exchange in India from the US. However, the aggregate value of foreign currency notes in excess of USD or equivalent and the aggregate value of foreign exchange in the form of currency notes, bank notes or traveller's cheques in excess of USD 10, or its equivalent must be declared to the customs. There is no limit to carry foreign exchange to the US. However, amounts exceeding USD 5, or equivalent and foreign exchange in the form of currency notes, bank notes or traveller's cheques in exceeding USD 10, or its equivalent must be declared to the customs.
Any person residing outside India may take outside India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. In some cases, there are very long queues, limits around 10, INR to what you can withdraw and expensive transaction costs for using a foreign bank card. Get two fee-free transfers when you transfer money to India with Azimo today. Gone are the days of stashing money in your suitcase when you travel overseas.
Simply pay with a debit or credit card, and your rupees will arrive the next day. Exchange rates are an essential part of every money transfer. A fair exchange rate can make a massive difference to the amount of Indian rupees transferred to your recipient. Usually, offers like these are hiding poor exchange rates. And when you accept an unfavourable exchange rate, money transfer providers pocket the difference.
Read our article about the mid-market rate to understand how this works. Find out the actual cost of a money transfer by doing a bit of research. At this price point, you can enjoy double rooms in a budget hotel, eat out three times a day and travel around on AC2 trains. For details of additional facilities available in EEFC account please contact your bank. A resident individual, who is an employee or a director of an Indian office or branch of a foreign company or of a subsidiary of a foreign company or of an Indian company in which the foreign equity holding is not less that 51 per cent, can make remittances for the acquisition of foreign securities under Employees Stock Option ESOP Scheme without any monetary limit.
The scheme is subject to the condition that the shares are offered at the concessional price. The facility will be subject to review in June Resident individuals can invest without any monetary limit in overseas companies listed on a recognised stock exchange which have the shareholding of at least 10 per cent in an Indian company listed on a recognised stock exchange in India as on 1 st January of the year of the investment.
All the above facilities are available under general permission, i. Skip to main content. Search the Website Search. Home FAQ.
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