Sachin Walls
Indian rupees can be obtained at currency exchange counters at the airport. However, there are restrictions on the amount of cash that can be brought in and out of India. Foreigners are not permitted to import Indian rupees, except for residents of India, who can bring in up to 25,000 INR. For other currencies, travellers must declare amounts exceeding the equivalent of $5,000 USD to customs. When departing India, residents can bring up to 25,000 INR, while non-residents cannot take any Indian rupees out of the country.
| Characteristics | Values |
|---|---|
| Importing Indian rupees | Not allowed for foreigners. Residents of India can bring in up to 25,000 INR at a time. |
| Declaring cash | Can be done before flying to India via the ATITHI app. May still need to show airport customs officials some confirmation. |
| Cash declaration limit | For all other currencies, a declaration must be made if carrying cash worth the equivalent of $5,000 USD. |
| Cash declaration limit for foreign currency and traveller's cheques | $10,000 USD |
| Cash declaration limit for foreign currency notes | $5,000 USD |
| Cash limit for travelling abroad from India | $3000 USD equivalent |
| Overall permitted limit for foreign currency for Indian residents per financial year | $250,000 USD |
| Currency exchange in India | Available through banks and money changers |
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What You'll Learn
- Foreigners cannot import Indian rupees (INR) into India
- Residents of India can bring up to 25,000 INR without declaring it
- Non-residents can only bring the amount of money they brought and didn't spend
- Exchange rates at the airport are poor, so consider exchanging money before leaving
- If you need cash, withdraw rupees at an ATM, which can be found in major cities
Foreigners cannot import Indian rupees (INR) into India
Indian law prohibits foreigners from importing Indian rupees (INR) into the country. This is regulated under the Foreign Exchange Management Act. The import of Indian currency is only permitted for Indian citizens or residents returning from abroad, who can bring in up to 25,000 INR. This restriction is in place to prevent the import of counterfeit currency and to regulate the inflow of foreign exchange, allowing Indian central banks to control exchange rates.
If you are a foreigner travelling to India, you may be able to exchange your local currency for Indian rupees at a bank or foreign exchange service in your home country. However, it is important to note that some sources indicate that banks may not sell Indian rupees due to the Indian government's crackdown on tax evasion. Therefore, it may be more practical to exchange your currency upon arrival at the airport in India or at a local bank or money exchange service.
When entering India, you must declare cash in foreign currencies exceeding the equivalent of $5,000 USD to customs authorities. Additionally, if you are carrying a combination of cash and traveller's cheques, you must declare any amount above $10,000 USD. You can declare cash before you fly to India by downloading the ATITHI app and filing a customs declaration in advance. This will help you avoid delays at customs upon your arrival.
It is important to comply with customs regulations when travelling to India. Failure to declare the required amounts may result in your money being seized, fines, or even prosecution, depending on the severity of the offence. Therefore, it is advisable to familiarise yourself with the latest customs rules and regulations before your trip.
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Residents of India can bring up to 25,000 INR without declaring it
Indian residents can bring up to 25,000 Indian rupees (INR) into the country without declaring it to customs officials. However, importing INR is not permitted for foreigners. If you are not an Indian resident, you must declare any cash or traveller's cheques exceeding the equivalent of $5,000 USD to customs authorities.
If you are an Indian resident, you can also take up to 25,000 INR out of the country without needing to declare it. It is not permitted to take Indian rupees out of the country if you are not an Indian resident.
If you are bringing more than 25,000 INR into India, you must declare it at the border. To declare cash at an airport in India, look for the 'goods to declare' or 'red channel' signs and tell a customs official that you wish to declare cash. They will ask you to fill in a Customs Declaration Form. You can also declare cash before you fly to India by downloading the ATITHI app and filing a customs declaration in advance.
It is recommended to do some research into the rules in the country you are travelling to before your departure date, as each country in Asia will have its own rules and limits for how much cash you can bring in before needing to make a customs declaration.
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Non-residents can only bring the amount of money they brought and didn't spend
When travelling to India, non-residents can bring in any amount of cash in most currencies. However, Indian rupees (INR) cannot be imported by non-residents. The only exception to this rule is for Indian residents, who can bring in up to 25,000 INR at a time. Therefore, non-residents can only bring in the amount of money they brought with them and didn't spend while in India.
If you are a non-resident travelling to India and wish to declare cash upon arrival, you should look for the 'goods to declare' or 'red channel' signs at the airport. Inform a customs official that you want to declare cash, and they will ask you to fill out a Customs Declaration Form. You can also declare cash before travelling to India by downloading the ATITHI app and filing a customs declaration in advance. When you arrive at the airport, you may still need to show customs officials some confirmation, and the app should explain what you need to do.
It is important to note that the rules for bringing cash into India may change, so it is recommended to research the latest guidelines before your trip. Additionally, each country in Asia will have its own rules and limits for how much cash you can bring in before needing to make a customs declaration. For example, in the UK, you can take up to £10,000 in or out of the country without declaring it.
When leaving India, non-residents can take cash worth up to 25,000 INR out of the country without needing to declare it to customs officials. Anything over this amount must be declared at the border. Regardless of the amount, it is not permitted to take Indian rupees out of the country unless you are an Indian resident.
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Exchange rates at the airport are poor, so consider exchanging money before leaving
Airport currency exchange counters are known for offering poor exchange rates. While they are convenient and easily accessible, the rates are often unfavourable due to higher costs and fees. Airports are usually one of the last stops for travellers needing local currency, so they charge more for the convenience. The exchange rates at airports are typically 10-12% higher than market rates due to the high cost of maintaining a physical presence. These costs include steep rents and additional operational expenses such as staff salaries and maintenance.
To get better exchange rates, it is advisable to plan ahead and explore other options before heading to the airport. Ordering currency from your bank before travelling is often a better choice. Most major banks allow you to order foreign currency online, by phone, or through their mobile app. While you can generally expect a solid exchange rate, it is good to use a trusted source, such as Reuters or the International Monetary Fund, to find current exchange rates and ensure a fair deal. Additionally, local banks in your area often offer competitive exchange rates and lower fees than those found at airports.
If it is too late to order foreign currency from your bank, you can still consider other alternatives. Major banks often have branches abroad or partner with other banks, so using their ATMs can provide decent exchange rates and help you avoid out-of-network ATM fees. However, if you use a non-network ATM, be mindful of the transaction fees, which can be around $5 per transaction. Therefore, it is advisable to withdraw a larger amount to reduce the number of transactions and associated fees.
Comparing exchange rates online can also help you find better deals. Some companies, such as Manor FX, offer competitive rates and the convenience of delivering your chosen currency to your doorstep. It is essential to watch out for hidden fees and know your needs, such as estimating how much cash you will require, to make informed decisions.
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If you need cash, withdraw rupees at an ATM, which can be found in major cities
If you need cash, it is generally recommended to withdraw rupees at an ATM, which can be found in major cities and tourist areas, as well as outside Indian banks. Exchange rates at airports and hotels are often poor, so it is best to avoid exchanging cash at these locations.
ATMs are well-distributed across India's major cities, and you should be able to find them with ease in tourist areas as well. They are also typically available outside Indian banks, so you can conveniently withdraw cash during local business hours.
Using a travel card is another option for accessing cash while in India. This can be a safer alternative to carrying large amounts of cash, as you can load funds onto the card and use it for purchases or withdrawals without carrying physical rupees.
If you do need to carry cash, it is generally safest to keep it on your person, such as in a money belt worn underneath your clothes. This helps to avoid the risk of losing your money or having it stolen, and it is more discreet than carrying a large wad of cash.
When departing from an Indian airport, it is important to note that currency exchange options may be limited once you pass through security and immigration. For example, at the Indira Gandhi International Airport in New Delhi, there is a foreign exchange booth in the check-in area before security, but no exchange counters after the security and immigration check.
Additionally, while Indian rupees are typically accepted at duty-free shops and eateries within the airport, some travellers have reported instances where staff were inflexible about accepting rupees, so it may be wise to have a backup option, such as a credit card, for making purchases.
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Frequently asked questions
Yes, you can exchange currency at Delhi Airport in India. There are currency exchange counters located in Terminal 3.
Foreigners are not allowed to import Indian rupees (INR) into the country. The only exception is for residents of India, who can bring in up to 25,000 INR at a time.
No, it is not permitted to take Indian rupees (INR) out of the country, unless you are an Indian resident. Indian residents can take up to 25,000 INR out of the country without needing to declare it to customs officials.
If you are bringing in the equivalent of more than $5,000 USD in cash, you must declare this to customs. If you are bringing in more than $10,000 USD in a combination of cash and traveller's cheques, you must also declare this.
