How much cash can Indians carry while travelling abroad? (2024)

FAQs

How much cash can Indians carry while travelling abroad? ›

The RBI guidelines state that you can take cash in currency bills of not more than $3,000. Also a cap limit is set at $10,000 with total items like traveler's cheques and others. In Indian currencies, the ceiling for the cap limit of money transferred out of India is 25, 000 rupees.

If you are a resident of India who has traveled out of the country for a temporary abroad visit, you are allowed to carry up to Rs 25,000 in currency notes of the Government of India and Reserve Bank of India notes when coming back from anywhere outside India except Nepal and Bhutan.

You can not carry Indian currency in / out of the country more than Rs 25K. You can carry in as much Foreign Currency you like but you should declare if you are carrying inmore than USD 5K worth FX. You can carry out currency as much you have bought from a currency dealer. They have limits depending upon your need.

It's legal to travel with more than $10,000 in the United States and abroad. You have the right to travel with as much money as you want. However, during international travel, you need to report currency and monetary instruments in excess of $10,000.

Members of a family dwelling in the same home who enter the United States on a joint or family declaration must report on their Customs Declaration Form if they carry money or monetary instruments totalling more than $10,000. Individual members carrying more than $10,000 must then complete a Members FinCEN Form 105.

For travellers from India to the United States, the legal limit for liquid cash is set at USD 3,000 per person per trip. Amount greater than this can be carried in the form of travellers' cheque, Forex Card or bank transfers.

There is no maximum limit, however, any amount exceeding $10,000 USD must be declared upon arrival on both the Form 6059B and FinCEN 105. All forms must be filled in completely and truthfully. The penalties for inaccurate declaration and non-compliance can be severe including heavy fines and/or confiscation of funds.

The official site of U.S. customs says that you can carry up to $3,000 worth of monetary items without any restrictions. If you are bringing around $10,000 worth of traveler cheques or anything else. You have to fill out certain forms and provide proper documents upon arrival in the USA.

As per the Reserve Bank of India (RBI), Indian residents are allowed to carry cash up to Rs. 25,000 (approx. $350) while travelling within the country. These guidelines establish legal limits on how much cash can be carried on domestic flights for both residents and non-residents while entering or leaving the country.

You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $10,000, you will need to report it to CBP.

Can I carry $1000 in international flight? ›

You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, the TSA has no rules that limit how much money you can bring through security. In other words, the TSA has no cash limit per person.

A good X-ray scanner will always detect money. Airport scanners can detect even the smallest amount of metal and can detect paper. The scanners will always look after things that look different to the norm. In this case, if the currency is arranged in bundles, it will be more easily detected.

If you are on a domestic flight in the US, there is no limit to the amount of cash or monetary instruments that you can carry. However, the TSA (Transportation Security Administration) security officers at the passenger screening area may ask a passenger who is carrying a large sum of cash to account for the money.

Protecting your money from theft or other losses

Never put your cash, financial instruments, or precious metals in a checked bag. Keep your cash and other valuables out of public view. Keep your baggage and belongings in sight when passing through a security checkpoint.

Or, how much cash one is allowed to keep at home? According to tax experts, the Income Tax Act does not contain any provision on this aspect. One can keep any amount of cash at home or in office, provided it is generated from a source and declared in the ITR and books of accounts.

There is no upper limit on how much foreign currency one can take out of India. But foreign currency worth USD 5,000 or more and foreign currency along with traveler's cheques worth USD 10,000 or more needs to be declared to the customs authorities by filling up the Currency Declaration Form (CDF).

Travelers to China are allowed to take up to US$5000 equivalent of foreign currency or 20 000 RMB of local currency in cash in or out of the country. This applies to both foreigners and Chinese nationals. If the amount does not exceed this limit, one will not be required to declare this to customs.