It has now been decided that an individual travelling from India to Nepal or Bhutan may carry Reserve Bank of India currency notes in Mahatma Gandhi (New) Series of denominations ₹200/- and/or ₹500/- subject to a total limit of ₹25,000/- Instructions regarding currency notes of Government of India and Reserve Bank of …
How much cash can we carry to Nepal?
Reserve Bank of India has allowed travelers from India and Nepal or Bhutan to carry currency notes of Rs 500 and Rs 1000. Earlier, travelers were allowed to carry currency notes of only up to Rs 100. However, the maximum limit that an individual can carry is Rs 25,000.
How much INR can I carry from India?
Local Currency (INR) –
There is a limit of INR 25,000 per person for Indian residents to carry from India to US. Any person who resides outside India is allowed to take out of India, the unspent money bought by him/her.
Can Indian rupee be used in Nepal?
Although Indian currency is valid in Nepal (at an official exchange rate of 1.60 Nepalese rupees to 1 Indian rupee), the Rs. 500 and Rs. 1000 currency notes are not acceptable. Carrying 500 and 1000 Indian rupee notes is a punishable offence in Nepal.
Where can I exchange Indian rupees in Nepal?
Places for exchanging Foreign Currency
Well-known banks in the city include Everest Bank, Standard Chartered Bank Nepal, Himalayan Bank, Nepal SBI Bank, and many others. Most banks are open between 10:00 AM to 5:00 PM from Sunday to Thursday, from 10:00 AM to 2:00 PM on Fridays and closed on Saturdays.
Do Indian debit cards work in Nepal?
You may use your normal INDIAN CARD (debit / credit) in Nepal. These establishments will charge you in NPR which will later be converted to INR by your bank while issuing you the statements. You may use the local INDIAN VISA / MASTER card (that is used in India) for withdrawal / payments.
Is Nepal cheaper than India?
India is 4.5% cheaper than Nepal.
Can I take Indian currency out of India?
Exporting Indian rupees is strictly prohibited for non-Indian residents. … There’s no limit to how much of a foreign currency you can take out of India, but if it’s US$5,000 or more in banknotes and coins, or US$10,000 or more in coins, notes and traveller’s cheques, it will have to be declared.
Is the Indian rupee a closed currency?
INR is a closed currency and one is not allowed to carry it from abroad….you can take US dollars or New Zealand currency easily convertible to Indian Rupees.
Can you take INR out of India?
Any person resident in India… may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. 25,000 (Rupees Twenty Five Thousand only) per person.
Can you use Indian rupees in Nepal and Bhutan?
Export and Import of Indian Currency
Further, an individual may carry to Nepal or Bhutan, currency notes of Reserve Bank of India denominations above ₹100/-, i.e. currency notes of ₹500/- and/or ₹1000/- denominations, subject to a limit of ₹25,000/-.
Can we use Indian rupees in Nepal and Bhutan?
Hey Umang, Indian currency is widely accepted in Nepal, but make sure you carry notes of Rs. 100 and less. There’s no limit of how much you can carry, and you can use Indian banks and ATMs in Nepal to withdraw money. … You have to convert INR into NPR.
Which Indian currency is used in Nepal?
If you are on a Nepal holiday, you can carry Indian Rupees in the denomination of Rs 100 and can get the same exchanged at the airport through an authorised agency. Nepalese Rupee comes in the denomination of 20, 25, 50, 100, 500 and 1000 rupee notes and 1, 2, 5 and 10 coins.