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Showing posts from April, 2019
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What is Forex/Currency Exchange limit in India ?  How much cash can i carry from India while going abroad ? Are you planning to visit abroad for your business visits, studying, holidays ETC, You must know your currency exchange limits before you are planning to abroad or visit India. You should aware how much money you can carry abroad, how much you can carry through forex travel card or cheque.  In this article, we will discuss about all of your questions. While going out of India, every person has to go through customs clearance, the same customs clearance process is followed when any person travels from abroad to India. According to the rule and regulation of RBI (Reserve Bank of India), the limit of forex exchange carrying varies for the different purpose of visit. However, RBI has subsumed most of the purpose under the LRS scheme with overall limit of USD 250000/- or equivalent during a financial year. An individual resident/person, going abroad for their...