The limit for private travel is __DOCTEXT__nbsp;10,000 per year. This is for travel to places other than
Bhutan and Nepal.
For travel to Nepal and Bhutan Indian currency without any limit may be taken except
Indian currency notes of denominations of Rs. 500 and above. No release of foreign
exchange may be made for travel to Nepal and Bhutan.
Payment in Rupees
Authorized dealers may accept payment in cash upto Rs. 50,000 (Rupees fifty thousand
only) against sale of foreign exchange for travel abroad (for private visit or for any other
purpose). Wherever the sale of foreign exchange exceeds the amount equivalent to
Rs.50,000, the payment must be received only by a:
(i) crossed cheque drawn on the applicant’s bank account, or
(ii)crossed cheque drawn on the bank account of the firm/company sponsoring the visit
of the applicant, or
(iii)Banker’s Cheque/Pay Order/ Demand Draft.
Where the rupee equivalent of foreign exchange drawn exceeds Rs 50,000 either for any
single drawal or more than one drawal reckoned together for a single journey/visit, it
should be paid by cheque or draft, as explained above.
Endorsement on Passport
It is not mandatory for authorized dealers to endorse the amount of foreign exchange sold
for travel abroad. However, if requested by the traveler, they may record under their stamp,
date and signature, details of foreign exchange sold for travel.
Amount permitted for business travel or attending a conference or specialized training or
for maintenance expenses of a patient going abroad for medical treatment or checkup
abroad or for accompanying as attendant to a patient going abroad for medical treatment/
checkup is $25,000 irrespective of period of stay.
Banks may release upto $5000 or equivalent on the basis of a simple letter stating the
name, address of the beneficiary and the purpose of the remittance as long as the foreign
exchange is being purchased for a current account transaction (not included in the
Schedule I and II of Govern