Originally Posted by
dvpatel
I knew that was coming. I was in a rush this morning and my work laptop and its ancient IE browser does NOT let me edit the posts. Here goes.
http://timesofindia.indiatimes.com/b...w/22679752.cms
https://www.quora.com/Why-is-it-ille...e-out-of-India
http://www.bbc.com/news/business-37938925
Apparently, even NRIs cannot legally take the money out. We all do. I get that. There is no enforcement and there are no signs per say to let us all know that as well. But the fact is, it is illegal to carry out Rupees out of India. Consequently, I had read it was illegal to bring Rupees into India as well.
Now. I am not debating whether the OCI holder gets the same parity as NRIs or not but I have read dozens of articles citing it was illegal to carry the notes to begin with. The "official" India sites are very hard to navigate however.
Can you please post an official rule that is recent that allows one to carry a certain amount of Rupees legally? I have not found that either.
None of the three links posted by you are official.
Last one doesnt even mention anything about the subject.
Second one is from Quora. Need I say anything more?
First one is more than 3.5 years old.
Just google "RBI rupees out of country"
First link is from NRICafe. Seem to have addressed your queries. (including how the limit has been changed and how various websites are outdated)
http://nricafe.com/guide-carrying-cu...dian-airports/
Second, third and fourth links are ones you included in your post.
Few below are from late 2014 when the limit must have changed.
http://indianexpress.com/article/bus...5k-abroad-rbi/
http://www.livemint.com/Money/xlZJZ0...00-abroad.html
The extract of circular by India Government is given under:
Attention is invited to Regulation (3) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No.FEMA.258/2013-RB dated February 15, 2013 and A.P. (DIR Series) Circular No. No. 39 dated September 6, 2013 in terms of which, any person resident in India may take outside India or having gone out of India on a temporary visit, may bring into India (other than to and from Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.10,000.
The RBI vide A.P. (DIR series) No. 146, dated 19.06.2014 has now provided that aforementioned limit has been enhanced to Rs 25000/- per person from Rs 10,000/- per person. Thus, any person resident in India:
i) may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 (Rupees twenty five thousand only); and
ii) who had gone out of India on a temporary visit, may bring into India at the time of his return from any place outside India (other than from Nepal and Bhutan), currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 (Rupees twenty five thousand only).
Further, vide said A.P. (DIR series) No. 146 dated 19.06.2014, it is also provided that any person resident outside India, not being a citizen of Pakistan and Bangladesh and also not a traveller coming from and going to Pakistan and Bangladesh, and visiting India:
i) may take outside India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. 25,000 (Rupees twenty five thousand only) while exiting only through an airport.
ii) may bring into India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. 25,000 (Rupees twenty five thousand only) while entering only through an airport.