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Safe, Growing and Hassle Free - Abhipra |
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For Personal/Tourism Travel (BTQ),
Exchange upto USD 5000 or its equivalent per person in one
calendar year for one or more private visits to any country
(except Nepal and Bhutan). |

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For Business/Official Travel, Exchange
upto USD 25000 or its equivalent per person trip irrespective
of period of stay for business travel |

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You are entitled to purchase USD 50
as Airport Allowance for all trips over and above your per
diem allowance |

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There are no restrictions to bring
foreign exchange by persons visiting India. The Reserve
Bank has granted general permission to incoming travellers
to bring foreign currency into India from any place outside
India without limit, provided they declare to the Customs
authorities, on arrival at the airport/ seaport, the particulars
of all such foreign currency brought in on the Currency
Declaration Form (CDF). The declaration is necessary if
the aggregate value of the foreign exchange brought in,
in the form of currency notes, bank notes or travellers
cheques at any one time exceeds U.S. $10,000 or its equivalent
and/ or the aggregate value of currency notes alone exceeds
U.S.$ 2,500 or its equivalent.
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In the event of cancellation of the
journey, foreign exchange drawn by a traveller should be
surrendered within 30 days from the date on which he comes
to know that the foreign exchange drawn cannot be used for
the travel. |

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Unspent exchange brought back to India
by a traveller should be surrendered within 90 days from
the date of return. |

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The Reserve Bank has granted general
permission to persons resident in India to hold foreign
currency/ ies up to U.S.$ 2000 or its equivalent for personal
purposes. They are also permitted to take out the foreign
currency/ ies so held during their visits abroad over and
above the foreign exchange purchased for purposes of travel. |

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A person can purchase foreign exchange for travel abroad
against payment in cash if the rupee equivalent payable
by him does not exceed Rs. 50,000. If the rupee value
of foreign exchange exceeds Rs. 50,000, the entire payment
should be made by way of a crossed cheque drawn on applicant's
bank account or the bank account of the firm/company sponsoring
the visit. Payment in such cases can also be made in the
form of a banker's cheque/ pay order/demand draft, provided
such instrument is accompanied by a certificate from the
issuing bank that the funds for the instrument have been
received by debit to the customer's bank account.
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The basic requirements for obtaining
foreign exchange for travel abroad are that the traveller
should possess a valid passport authorising travel to the
countries proposed to be visited and a ticket issued for
a journey to those countries. |

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Only foreign nationals permanently
resident in India can avail of BTQ facility. They have to
apply in writing to an office of the Reserve Bank under
whose jurisdiction they are residing for release of exchange
under the Scheme. The application should contain particulars,
such as, name, address, nationality, country/ies of visit
and the number, date and place of issue of passport. Foreign
nationals also have to declare the exchange already availed
of under the Basic Travel Quota, if any, during the calendar
year and other remittance facilities they have availed of.
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Only foreign nationals permanently
resident in India can avail of BTQ facility. They have to
apply in writing to an office of the Reserve Bank under
whose jurisdiction they are residing for release of exchange
under the Scheme. The application should contain particulars,
such as, name, address, nationality, country/ies of visit
and the number, date and place of issue of passport. Foreign
nationals also have to declare the exchange already availed
of under the Basic Travel Quota, if any, during the calendar
year and other remittance facilities they have availed of. |

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Travel under BTQ can be combined with
visits for business, conference, seminar, training, study
tour, Haj pilgrimage and employment. Persons emigrating
from India and drawing foreign exchange for that purpose
cannot, however, draw additional exchange under BTQ. |

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Travellers going to neighbouring countries
like Pakistan and Bangladesh by bus or rail can draw foreign
exchange from authorised dealers/ full-fledged money-changers,
on production of the ticket. |
For any further clarification
Feel free to contact us at:
+91-11-23411847, 27247797-98, 27411431
M) +91-9810089830
E-mail
forex@abhipra.com
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