Individuals can Now Carry Indian Currency in ₹ 500 and ₹ 1,000 Denominations to Nepal and Bhutan

January 23, 2015

The Reserve Bank of India has  announced that an individual can now carry to Nepal and Bhutan Indian currency notes in denominations of ₹ 500 and/or ₹ 1,000, subject to a limit of ₹ 25,000. Earlier, individuals travelling to Nepal and Bhutan were allowed to carry Indian currency without any limit in denomination of only up to ₹ 100. This has been relaxed to mitigate the hardship faced by individuals travelling to Nepal and Bhutan from India.
The Reserve Bank of India has suitably amended the regulations to incorporate the relaxation.