The Reserve Bank of India (RBI) today announced that an individual travelling to neighbouring countries like Nepal and Bhutan can carry Indian currency notes in denominations of Rs 500 and Rs 1,000.
“An individual can now carry to Nepal and Bhutan Indian currency notes in denominations of Rs 500 and Rs 1,000, subject to a limit of Rs 25,000,” RBI said in a statement.
Earlier, individuals were allowed to carry Indian currency without any limit in denomination of only up to Rs 100.
This has been relaxed to mitigate the hardship faced by individuals travelling to Nepal and Bhutan from India, it added.
The RBI has suitably amended the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000 to incorporate the relaxation.
Source: dayandnightnews