DOHA: As per Government of India’s currency handling regulations, foreigners including people of Indian origin (except residents of India and Non-resident Indians) are prohibited to either take out any amount of Indian currency from India or to bring it into the country, a press statement issued by the Embassy of India in Qatar said yesterday.
However, visitors to India are allowed to carry with them any amount of Qatari riyals or other convertible foreign currencies, which can be exchanged at the authorised centres in the country, including at international airports and hotels.
In case the quantum of foreign currency exceeds the amount equivalent to $5,000 (QR18, 202) in cash or an overall of $10,000 (QR36, 404) when combined with other financial instruments such as cheques, travellers’ cheques and drafts, a declaration to the Customs Officers at international airports at the time of arrival or departure, as the case may be, is required.
Only those persons who are residents of India, are allowed to take out Indian currency up to a ceiling of 7,500 (QR498) per passenger when travelling abroad. Similarly, only those persons who are residents of India can bring back Indian currency up to the ceiling of 7,500 (QR498) when returning to India.
In all other cases of foreigners, and those Indian nationals who are not residents of India/Non-Resident Indians (NRIs), it is prohibited under the Indian law to either take out any amount of Indian currency from India or to bring it into India.
The Peninsula
