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Frequently Asked Questions

How much currency can be availed for the purpose of travel?

In line with RBI regulations, maximum foreign currency cash of USD 3000 per financial year can be availed under this facility for travel.

How many types of currency notes are available?

Currency notes in 15 currencies are available in a variety of denominations.

What are the documents required for buying foreign currency?

Valid Passport and PAN card are required for buying foreign currency.

How many days in advance can a person buy foreign exchange for travel abroad?

Permissible foreign exchange can be drawn 60 days in advance. In case it is not possible to use the foreign exchange within the period of 60 days, it should be immediately surrendered.

However, after returning from a trip abroad, residents are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or Forex Card for for his subsequent visit abroad. Unspent foreign exchange acquired from an authorised person for travel abroad orcan be credited to their Resident Foreign Currency (Domestic) [RFC (Domestic)] Accounts.

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