PDFprof.comSearch Engine CopyRight

Which foreign currency is not accepted by rbi


You can bring into India foreign exchange without any limit. If, however, the value of foreign currency in cash exceeds US$ 5,000 and/or the cash plus TCs ...

Which currency is not accepted by RBI?

₹5

Which currency is accepted by RBI?

The Indian currency is called the Indian Rupee (INR).

Which notes are not accepted in bank?

Currency notes which are extremely brittle or are burnt, disfigured, charred or inseparably pieced together, shall not be accepted by the bank branches for exchange facility.

What are the foreign exchange limits specified by RBI?

You can indefinitely retain foreign exchange upto US$ 2,000, in the form of foreign currency notes or travellers' cheques (TCs) for future use. Any foreign exchange in cash in excess of this sum, is required to be surrendered to a bank within 90 days and TCs within 180 days of return.