As per RBI regulations, an Indian citizen can only purchase foreign currency if they are travelling abroad and must provide valid travel documents.

Yes, the foreign exchange limit for a child or newborn is the same as for adults. Travel documents and a PAN card are required.

A traveler can make cash payments up to INR 49,999 per trip and per month.

Permissible foreign exchange can be purchased up to 60 days in advance.

Forex cannot be released for Nepal and Bhutan.

If the trip is cancelled, foreign exchange must be surrendered within 90 days from the date of purchase. If postponed, the Forex can be retained if the new travel date is within 60 days from the original date of purchase.

NRIs and foreigners can encash up to 3,000 USD or equivalent per month (30-day period) for cash payments.

Foreigners in India can encash foreign currencies by providing an original passport with a valid visa.

On returning from a foreign trip, travelers are required to surrender unspent foreign exchange held in the form of currency notes within 90 days and Traveler Cheques within 180 days. However, the RBI permits holding up to 2,000 USD or equivalent for future use.

There is no limit on bringing foreign currency into India. However, if the amount exceeds 5,000 USD or the cumulative value of currency and Traveler Cheques exceeds 10,000 USD, a declaration must be made at customs, and a Currency Declaration Form (CDF) must be obtained, signed, and stamped by customs officials.