Traveling to India should be on everyone’s bucket list if it is not there already. To make it even more interesting, when platforms like Tripbeam.com provide exclusive Indian travel offers where you can Grab cheap flight tickets from USA to India. Being a country with a vibrant cuisine and epically large religious structures, India holds numerous things to do. Be that as it may, it deserves to be emphasized that there are certain limitations on the export/import of cash into/from India. Well, carry on reading the balance of this article to get to grips with what you ought to learn to clear the customs at the airport in India with ease if you want to use cash.
How much Cash can you bring to India? What are the limitations?
Indian Rupee cannot be imported by anyone coming from other countries to India; this is restricted. However, the residents of India are allowed to carry up to ₹ 25,000. There are no restrictions in quantity permitted to be brought in from overseas, but for foreign currency, if one has physical US dollar notes and coins over US$5,000 or notes and coins or traveler cheques over US$ 10,000, it has to be declared. It is important to inform while taking any further decision, which is why airfare platforms such as Tripbeam.com provide plenty of information via travel blogs, exclusive offers, and the best affordable opportunity to Grab last minute flights to India from USA.
What Are the Penalties for Bringing Excess Cash into India?
Violation of customs laws in India can carry severe consequences such as forfeiture of your funds, fines, arrest, and prosecution in serious cases.
What Exactly Counts as Cash?
Cash includes coins and banknotes in any currency worldwide. Traveler’s cheques also contribute to your total cash amount.
Countries/territories exempted from declaration for travelers to India
Any foreign visitor, irrespective of the foreign currency or physical money they have, has to declare cash while entering Tanzania if they have US dollars five thousand and above in the form of coins, paper money, or any other form of cash, or US dollars ten thousand and above in the form of coins, notes, traveler cheques or any form of cash.
Countries Requiring Cash Declaration When Traveling to India
Any person intending to proceed out of India has to make a declaration if he is carrying with him coins and notes for an amount equivalent to U.S. dollars five thousand or more or an amount in coins, notes or traveller cheques for an amount equivalent to U.S. dollars ten thousand or more.
Declaring Cash Upon Arrival
At the international airports and seaports, customs officers have Indian Customs Declaration Forms. Many of these forms may be offered to you on a plane before you get to India or on a ship if you are on a cruise. If not, it is possible to purchase one at the airport on your way, passing through the customs office. Moreover, it is possible to download this form here and fill it out before your visit in advance.
Amount of Cash Can You Take Out from India?
The Indian export regulation states that no one other than an Indian citizen/ company/ organization is allowed to export Indian rupees. Residents of India: They can, however, carry up to twenty- five thousand Indian Rupees in Indian currency if they wish to travel to countries other than the neighboring one. So long as a foreign exchange earner is taking out foreign exchange legally, there are no restrictions on getting out with foreign currency, but when a person is carrying US dollars in bank notes and/or coins exceeding $ 5,000 or more in value or traveller’s cheques or bearer cheques/drafts or currency having a face value not less than $10,000, he has to make a declaration to the Customs. Again, also expatriate with the laws of the respective country of visit, for they also offer certain limitations to the amount of cash one is allowed to carry in.
Exchanging Currency in Cash is Very Costly
Converting cash into local currency in India, which is INR, is sometimes dearly exercised. In the same respect, regardless of zero fees advertised by an exchange service, you may well end up paying more as a result of a less favorable exchange rate. In today’s world, the cheapest source of cash is when you have raw cash using a debit card in a local foreign territory. Yes, there may be a fee for using an ATM; however, the exchange rate will not be in your favor.
Remember, whether you have taken dollars/euros from your home country or you have even withdrawn some amount from the ATM after coming to India, it is always unwise to carry some amount of money while visiting any foreign country.
Do you travel often? Want to save money? Try Wise
Wise allows you to send money internationally on the actual currency exchange rate—the one you see on Google. It’s fast, easy and safe.Wise also offers accounts with borders and multiple currencies so that you can hold, receive, or transfer the selected currencies. Since 2018, consumers being targeted in the Internet-only segments can have consumer debit cards that will allow fast money access regardless of the region they are in. With these tips, your trip to India should go smoothly. To make it even more smoother, you can book online affordable flight tickets to Ahmedabad from USA at Tripbeam.com. Here, in this airfare platform, you will get amazing deal and offers which will enhance your overall traveling experience. Have a safe journey.
