How much foreign currency can you keep at home?
There is a limit to the amount of foreign currency notes you can keep at home. According to RBI and FEMA regulations, you can keep USD 2,000 (or equivalent foreign currency) in notes and traveler's checks without any time limit. If you have more than that, you must surrender it through an authorized dealer (bank) within 180 days or deposit it into an RFC account. There is no limit on foreign coins; you can keep an unlimited amount.
You Might Also Like
-
New Delhi: Another key measure taken by the RBI to curb digital and cybercrimes came into effect...
-
Despite the growing demand for electric vehicles across the country, the share of electric cars w...
Leave A Comment
Comments