Foreign Exchange upto USD 10,000 per financial year (other than travel to Nepal & Bhutan) on self declaration.For Nepal & Bhutan, Indian curency can be used except currency notes of denominations Rs.500 and above.
Business Traveller can avail USD 25,000 per per trip to any country other than Nepal & Bhutan.
Students going abroad for studies are treated as Non-Resident Indians (NRI) and are eligible for facilities available to NRIs under FEMA. Moreover, the education and other loans availed by them as resident in India can be allowed to continue.
For Medical treatment, in addition to USD 1,00,000 , USD 25,000 can be taken for meeting/ boarding/lodging/travel expenses of patient and accompanying attendant on self declaration basis.
Amount in excess of limits can be released on basis of documentary evidence of requirement.
Travellers proceeding to countries other than Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of independent states – Not exceeding USD 3000 or its equivalent.
Travellers proceeding to Iraq or Libya – Not exceeding USD 5000 or its equivalent.
Travellers proceeding to Islamic Republic of Iran, Russian Federation and other Republic of Commonwealth of independent states – Full exchange may be released.
Balance amount as applicable can be carried in the form of traveller’s cheque, bank draft or travel card.
Residents are free to take outside India (Other than Nepal & Bhutan), Indian Currency not exceeding INR 10,000 per person. They may take or send outside India(other than Nepal & Bhutan) commemorative coins not exceeding two coins each.
No Limit. However, if the aggregate value of foreign exchange in form of currency notes, bank notes or traveller’s cheques brought in exceeds USD 10,000 or its equivalent and/or the value of foreign currency alone exceeds USD 5,000 or its equivalent, it should be declared to customs Authorities at the airport in the Currency Declaration Form (CDF), on arrival in India.