Taking cash / currency out of India
India restricts currency export. INR 25,000 maximum cash departure. Foreign currency up to USD 3,000 without Form A2; USD 250,000 annual LRS cap applies to residents.
Details
Under FEMA 1999 and RBI Master Circular on LRS (RBI/2023-24/10), Indian residents may remit up to USD 250,000 per financial year for permitted transactions. On departure, INR cash is capped at INR 25,000. Foreign currency cash export is limited to USD 3,000 without Form A2 from authorised bank; up to USD 10,000 with Form A2. Amounts over USD 10,000 require RBI approval and Income Tax clearance (Form 15CA/CB). Penalties for undeclared export: FEMA civil penalty up to 3× the amount.
Quantity limits
INR 25,000 cash; USD 3,000 FX without Form A2; USD 10,000 with Form A2; USD 250,000 annual LRS cap for residents
Documentation required
- RBI Form A2 from authorised dealer bank (for USD 3,000–10,000)
- Form 15CA/CB Income Tax clearance (for amounts over USD 10,000)
- Customs Currency Declaration Form (CDF) for cash above limits
- Encashment certificate from authorised dealer
The other direction
Bringing cash / currency into India(restricted)