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Nris, Foreigners Can’T Leave With Rupee


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Posted
NRIs, foreigners can’t leave with rupee
 

Partha Sinha, TNN | Sep 18, 2013, 06.20AM IST

MUMBAI: Thanks to a new directive from the Reserve Bank of India (RBI), from now on every non-resident Indian ( NRI) and foreigner leaving the country will have to compulsorily change Indian rupees in their possession into a foreign currency before they board the flight. It's a common practice among NRIs to carry some amount of Indian currency with them when they leave the country, mainly for the convenience of not having to exchange forex into rupee when they return the next time. But from now on, they will not be allowed to carry any Indian notes with them.

Although the rule, which is part of Foreign Exchange Management Act (FEMA), has been in place for quite sometime now, it is only now that the central bank is trying to enforce it. On Monday, RBI allowed forex changers to open kiosks beyond the immigration desks at international airports to facilitate NRIs and foreigners opting to exchange rupee for other currencies before they enter the aircraft. According to RBI officials, in case these travellers have Indian currency notes in their possession before boarding the flight, Indian customs officials can act against them.

RBI has allowed NRIs to carry up to Rs 10,000 beyond the immigration and customs desks, and to the duty-free shopping and security checking areas in the departure hall in international airports to meet miscellaneous expenses. However, this has been allowed subject to the condition that NRIs "will not be allowed to carry any Indian rupee beyond SHA and that they should dispose of Indian currency before boarding the plane", an RBI notification said.
Posted

Good rule....emi avasaram asalu NRI's ki 10k Rs kante....if they return back they can again exchange and get Rupees....one small step to control corruption tumblr_mvv17hzj3M1spvnemo1_250.gif

Posted

idhi chala old news kadha almost 1month ayipoyindi

s .. but db lo inka chala mandiki theleedu ani

Posted

 

NRIs, foreigners can’t leave with rupee
 

Partha Sinha, TNN | Sep 18, 2013, 06.20AM IST

MUMBAI: Thanks to a new directive from the Reserve Bank of India (RBI), from now on every non-resident Indian ( NRI) and foreigner leaving the country will have to compulsorily change Indian rupees in their possession into a foreign currency before they board the flight. It's a common practice among NRIs to carry some amount of Indian currency with them when they leave the country, mainly for the convenience of not having to exchange forex into rupee when they return the next time. But from now on, they will not be allowed to carry any Indian notes with them.

Although the rule, which is part of Foreign Exchange Management Act (FEMA), has been in place for quite sometime now, it is only now that the central bank is trying to enforce it. On Monday, RBI allowed forex changers to open kiosks beyond the immigration desks at international airports to facilitate NRIs and foreigners opting to exchange rupee for other currencies before they enter the aircraft. According to RBI officials, in case these travellers have Indian currency notes in their possession before boarding the flight, Indian customs officials can act against them.

RBI has allowed NRIs to carry up to Rs 10,000 beyond the immigration and customs desks, and to the duty-free shopping and security checking areas in the departure hall in international airports to meet miscellaneous expenses. However, this has been allowed subject to the condition that NRIs "will not be allowed to carry any Indian rupee beyond SHA and that they should dispose of Indian currency before boarding the plane", an RBI notification said.

 

unna thengudulu chaaalava ... motham thengipichi pampisthara   :police:  :police:

Posted

ayinaa currency ni ela scan chestaru vayyaa...  main luggage lo padesthe evadu check chestadu

Posted

ayinaa currency ni ela scan chestaru vayyaa...  main luggage lo padesthe evadu check chestadu

 

 

ninna mee UK lo padindaa ee NEWS ?

Posted

ninna mee UK lo padindaa ee NEWS ?

ledu vayya edo forum lo chusaaaa.. sep news idi 

Posted

ledu vayya edo forum lo chusaaaa.. sep news idi 

 

avunaa...ninna ikkada Indian link fm radio lo chepparu...  

 

UK lo news AUS lo as usual gaa ethesaaru emo anukunna....

 

strict ayyayi anta kada Airport lo checking lu....

Posted

avunaa...ninna ikkada Indian link fm radio lo chepparu...  

 

UK lo news AUS lo as usual gaa ethesaaru emo anukunna....

 

strict ayyayi anta kada Airport lo checking lu....

antha emi anipichaledu mari.. nenu last month ye velochanu

Posted

antha emi anipichaledu mari.. nenu last month ye velochanu

 

monna PR vachinappude kada vellavu....enni saarlu popthaavu enti.... annual leave aa...

Posted

monna PR vachinappude kada vellavu....enni saarlu popthaavu enti.... annual leave aa...

no.. recent gaa maa thammudi ki health bagalekapothe velli chusochanu short trip.. just 3 days

Posted

no.. recent gaa maa thammudi ki health bagalekapothe velli chusochanu short trip.. just 3 days

 

3 days short trip antey...entha emergency ayyi untundo i can understand.. ippudu okie naa?

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