How much money can we bring from India (I am going to India on Vacation)?

Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] Next >

Vijaya31
Member since: Dec 04

Posts: 67
Location:
Post ID: #PID

Posted on: 27-08-07 16:05:49

Dear All,
I am sorry if I didn't post this under right category.

I will be going to India on vacation and wanted to know if it is possible to get travellers checks of CAD 9000 from India, or if there is any restrictions imposed by RBI regarding maximum. amt which can be brought out of country?
I am Canadian PR holding Indian Passport.

Kindly advice,

Thanks!

Vijaya31
Member since: Dec 04

Posts: 67
Location:
Post ID: #PID

Posted on: 30-08-07 15:00:25

Friends ..pls share your experience!
Thanks!

tamilkuravan
Member since: Jun 05

Posts: 5775
Location: God's own country
Post ID: #PID

Posted on: 30-08-07 15:17:37

Vijaya,
By the time you waited for an answer you could have googled it.
The link is : http://us.makemytrip.com/travelbag/open-tickets-india.htm
The link is dated 2000 (maybe that was the last time it wass revised) and you can bring in Officially US$ 5000 a year. The amount of FE will be entered in your passport.
You can convert the money very easily at Thomas cook or other private FE converters. SBI offers the best rates but you may have to wait for 1/2 a day. SBI also will not accept cash. In 2002, SBI would not issue more than Rs. 50K in a draft and hence you may have to get multiple drafts.
Hope this answers your Q
TK A

-----------------------------------------------------------------
I am a Gents and not a Ladies.

puttoo
Member since: Jan 05

Posts: 1096
Location:
Post ID: #PID

Posted on: 30-08-07 15:23:41

The rules quoted by TK might not apply to you as they are for resident Indians. It depends on your source of these dollars . You can check here http://incometaxindia.gov.in/publications/9_Income_Tax_For_NRI/Chapter011.asp

Quote:
Originally posted by Vijaya31

Dear All,
I am sorry if I didn't post this under right category.

I will be going to India on vacation and wanted to know if it is possible to get travellers checks of CAD 9000 from India, or if there is any restrictions imposed by RBI regarding maximum. amt which can be brought out of country?
I am Canadian PR holding Indian Passport.

Kindly advice,

Thanks! [/quote

Vijaya31
Member since: Dec 04

Posts: 67
Location:
Post ID: #PID

Posted on: 30-08-07 15:40:09

Thank you Dear!

I think just couple of month back the limit to bring money outside of india has been increased, but not finding any information on those updates?

Thanks!

puttoo
Member since: Jan 05

Posts: 1096
Location:
Post ID: #PID

Posted on: 30-08-07 15:48:31

Quote:
Originally posted by Vijaya31

Thank you Dear!

I think just couple of month back the limit to bring money outside of india has been increased, but not finding any information on those updates?

Thanks!

Yes RBI allows $10,000 per year for private visits abroad, but these are for resident indians only

Check http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

7. How much foreign exchange can one buy when traveling abroad on private visits to a country outside India?

In connection with private visits abroad, viz., for tourism purposes, etc., foreign exchange up to USD10,000, in any financial year may be obtained from an authorised dealer on a self-declaration basis. The ceiling of USD10,000 is applicable in aggregate and foreign exchange may be obtained for one or more than one visit provided the aggregate foreign exchange availed of in one financial year does not exceed the prescribed ceiling of USD10,000 {The facility was earlier called B.T.Q or F.T.S.}. This limit of USD10,000 per financial year can be availed of by a person along with foreign exchange for travel abroad for any purpose, including for employment or immigration or studies. However, no foreign exchange is available for visit to Nepal and/or Bhutan for any purpose.

kumar_vadivelu
Member since: Jul 07

Posts: 114
Location:
Post ID: #PID

Posted on: 30-08-07 15:55:12

I wouldn't do what you are trying to do. Leave money in India and send money from Canada to India. That's what every none is doing here. That is the reason no knows the latest regulation of RBI.

-----------------------------------------------------------------
I am new

Contributors: kumar_vadivelu(5) Vijaya31(4) puttoo(4) chandresh(4) tamilkuravan(3) Iceberg(2) gangwark(1) rajcanada(1) Val(1) febpreet(1)

Jump to Page: < Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: How much money can we bring from India (I am going to India on Vacation)?
	Topic	Forum	Views	Replies
	And we say there is no racism in Canada ( 1 2 3 ... Last )	Life	28500	154
	DRIVER’S HANDBOOK NOTES	Just Landed	5541	2
	Understanding Canadian Tax	Accounting and Taxation	2170	1
	What all you can bring into Canada	General	4022	0
	Top Eight Reasons NOT to immigrate to Canada ** ( 1 2 3 ... Last )	Jobs	65435	324
	It's a Flat World, After All	News and Events	1881	0
	Want Important information? Das-FX is here to help! ( 1 2 3 ... Last )	Jobs	31203	102
	Top Eight Reasons NOT to immigrate to Canada ( 1 2 3 4 )	Moving Soon	9241	27
	Interesting Article About Canada	General	2239	1
	The first ever East Indians to set foot in Canada	Life	5402	1
	Sticky: All Home Hunters Unite! ( 1 2 3 ... Last )	Real Estate & Mortgages	68198	201
	Message	Life	1972	0
	Getting Gift money from India ( 1 2 3 4 )	Financial Planning	16490	22
	Our First prospective woman President - Some facts about this great persona	Our Native Country!	2494	2
	How much money can we bring from India (I am going to India on Vacation)? ( 1 2 3 4 )	Visiting, Traveling and Picnicing	8960	25
	Lease agreement- Problem at the end of lease ( 1 2 3 )	Real Estate & Mortgages	9232	20
	Dark Side of Dubai !	General	3645	4
	President Obama's speech at Cairo University ( 1 2 )	General	1857	7
	Hey Canadians.......Now World is open for you ( 1 2 3 )	USA and other countries	6951	15
	The Best Answers to Tough Interview Questions ( 1 2 3 4 )	Jobs	10488	24
	TN Visa to Green Card ( 1 2 3 4 5 )	USA	9564	31
	Know AAP - Bring change !! ( 1 2 3 ... Last )	Our Native Country!	24097	178
	Questions - Express Entry and/or Federal Skilled Worker Immigration (PR)	Ask Immigration Expert	2917	5
	Rs 500 and Rs 1,000 notes pulled out of circulation immediately in India ! ( 1 2 3 ... Last )	Our Native Country!	31620	220
	WHODATHUNKIT ( 1 2 3 )	General	9195	17

Charcha

How much money can we bring from India (I am going to India on Vacation)?

Discussions similar to: How much money can we bring from India (I am going to India on Vacation)?