Export and Import of Indian Currency to and from Nepal and Bhutan
Export and Import of Indian Currency to and from Nepal and Bhutan
The Reserve Bank of India (RBI) has issued revised directions regarding the export and import of Indian currency to and from Nepal and Bhutan, superseding A.P. (DIR Series) Circular No. 24 dated March 20, 2019.
Revised Provisions
With immediate effect, a person (other than a citizen of Pakistan or Bangladesh) is permitted to:
1. Currency Notes up to ₹100
- Take or send out of India to Nepal or Bhutan, and
- Bring into India from Nepal or Bhutan,
Indian currency notes of Government of India and Reserve Bank of India in denominations up to ₹100 — without any limit on amount.
2. Currency Notes above ₹100
- Export to Nepal or Bhutan:
Indian currency notes in denominations above ₹100, up to an aggregate limit of ₹25,000. - Import from Nepal or Bhutan:
Indian currency notes in denominations above ₹100, up to an aggregate limit of ₹25,000.
Regulatory Reference
These revised directions have been notified under the Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025, vide Notification No. 6(R)/(4)/2025-RB dated November 28, 2025, and published in the Official Gazette on December 02, 2025.
Applicability
Authorised Persons (APs) are advised to inform their constituents and customers about the above changes.
Legal Authority
The directions have been issued under under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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