₹100 Notes Allowed for
Travel to Nepal and Bhutan, 500 Rupee Notes also Allowed upto
Rs 25,000 in Total Value, No Value Limit on Import and Export of Nepal Currency
The Reserve Bank of India has revised
its rules on the export and import of Indian currency to and from Nepal and
Bhutan, replacing the earlier directive issued in March 2019. Under the updated
regulations, any person who is not a citizen of Pakistan or Bangladesh may now
freely carry Indian currency notes of up to ₹100 denomination without any
limit when traveling between India, Nepal, and Bhutan.
Additionally, such individuals may take
out or bring into India notes above ₹100 denomination up to a maximum
value of ₹25,000. The directive has been formalized through the Foreign
Exchange Management (Export and Import of Currency) Amendment Regulations,
2025, published in the Official Gazette.
Authorised Persons have been instructed
to inform their clients of the revised rules. The circular has been issued
under the Foreign Exchange Management Act, 1999.
[A.P. (DIR Series)
Circular No.18 dated December 8, 2025]
Sub: Export and Import of
Indian Currency to or from Nepal and Bhutan
Attention
of Authorised Persons is invited to A.P. (DIR Series) Circular No. 24 dated
March 20, 2019.
2.
On a review, it has been decided, in supersession of the A.P. (DIR Series)
Circular No. 24 dated March 20, 2019, to allow a person, not being a citizen of
Pakistan or Bangladesh, to –
(i) take or send out of India to Nepal or Bhutan,
and bring into India from Nepal or Bhutan, currency notes of Government of
India and Reserve Bank of India notes for any amount in denominations up to
₹100;
(ii) take
out of India to Nepal or Bhutan, notes of denominations of above ₹100 up
to a total limit of ₹25,000;
(iii) bring
into India from Nepal or Bhutan, notes of denominations of above ₹100, up
to a total limit of ₹25,000.
3.
Authorised Persons may bring the contents of this circular to the notice of
their constituents and customers.
4.
Necessary amendment has been notified as Foreign Exchange Management (Export
and import of Currency) (Amendment) Regulations, 2025 [Notification
6(R)/(4)/2025-RB dated November 28, 2025], which has been published in the
Official Gazette on December 02, 2025 (copy annexed).
5.
The directions contained in this circular have been issued under sections 10(4)
and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are
without prejudice to permissions / approvals, if any, required under any other
law.