Banking News

Individuals can now carry Indian Currency in Rs.500 and Rs.1000 Denomination to Nepal and Bhutan


The Reserve Bank of India has lifted on Thursday (22.01.2015) the ban on individuals carrying Indian currency notes of higher denominations to Nepal and Bhutan. Now Indian travellers to Nepal and Bhutan can carry Indian currency notes in denominations of Rs.500 and/or Rs.1000, provided the maximum value of these currency notes should not exceed a limit of Rs.25000/-. The ban on carrying higher denomination of Indian currency notes has been relaxed to mitigate the hardship faced by individuals travelling to Nepal and Bhutan from India. Earlier Indian travellers were allowed to carry Indian currency without any limit in denomination of only up to Rs.100/-.

 

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