Airfare Booking has important news for you if you are planning to travel with money to or from India. India is a popular place for people traveling for tourist, business or medical purposes along with many others. But there are some restrictions when it comes to traveling with cash. Since it gets difficult for passengers to search for every single detail, we saved you the trouble and compiled it all in one place. Go through it to see what you need to take care of before traveling with money internationally.
If you are bringing cash through India’s customs, here are the top questions whose answers you might be looking for.
A. If you are not a resident of India (foreigners), you are not allowed to import Indian currency at all. But there is no limit on the amount of foreign currency you bring into India. However, there is a catch. You need to declare it if the amount you are carrying exceeds US $5000 in coins and notes, or US $10,000 in coins, notes and traveler’s cheques. Meanwhile, residents of India can carry up to INR 25k.
A. Whether you are traveling to India after USA to India flight ticket booking or from any other countries, there are harsh consequences if you do not follow the rules. If you carry more cash than the legal limit of India, you might be facing several penalties which include the following.
1. The cash may be confiscated by the customs officials.
2. You may be fined for carrying undeclared cash, where the fines are usually a percentage of the amount of cash you are carrying.
3. If it has become a severe case, legal actions may be taken against you. This includes being prosecuted, arrested and further penalties.
A. Coins, banknotes and traveler’s cheques in any world currency is cash. Put together the amount you are carrying, that becomes your cash total.
A. No, currently there are no countries or regions from which you don’t need to declare cash when you are traveling to India. As mentioned before, you need to declare it if the amount you are carrying exceeds US $5000 in coins and notes, or US $10,000 in coins, notes and traveler’s cheques.
A. Customs officials at airports and seaports have Indian Customs Declaration Forms. Before you land in India, they can also be given out on the flights and cruise ships. If not, you can pick it up at the airport before making your way through customs. Additionally, you can download the form here and fill it out beforehand.
A. If you are a non – Indian resident, you cannot export cash in INR at all. However, there is no limit to the amount of foreign currency you want to take out of India. Again, if you are carrying an amount that exceeds US $5000 in coins and notes, or US $10,000 in coins, notes and traveler’s cheques, you need to declare it at the customs. Indian residents can carry up to INR 25k with them abroad.
N.B.: You also need to keep in mind that the country you are traveling to might have its own rules about carrying cash. Ensure you do your research carefully.
A. Exchanging foreign currency for Indian rupees in cash is not the cheapest way to obtain money for your trip. Even if you are using an exchange service and it does not advertise any fees, it usually means you are paying more for a marked up exchange rate. The best and cheapest way to get it would be to withdraw cash using your debit card from a local ATM. You can be charged with a small ATM fee but there won’t be high exchange rates, we promise!
Whether you are traveling to or from India, it is never a good idea to carry large amounts of cash with you when visiting a foreign country. So, make use of our amazing travel deals from USA to New Delhi and pack your bags! You’re set to travel internationally.
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