RBI Bars Pak/Bangladesh Citizens from Carrying Indian Notes to Nepal and Bhutan

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  • Last Updated on 4 December, 2025

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amendment in Nepal Bhutan currency restriction

Notification No. FEMA 6 (R)/(4)/2025-RB; Dated: 28-11-2025

RBI has issued Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025, substituting Regulation 8 of the Principal Regulations (2015).

Under the earlier Regulation 8, a person could take or send Indian currency to Nepal or Bhutan only up to Rs. 100 denomination, with a limited proviso permitting travellers to carry Rs. 200/Rs. 500 notes of the Mahatma Gandhi (New) Series up to Rs. 25,000.

Further, the regulation did not expressly impose any citizenship-based restriction. The amended Regulation 8, now statutorily permits persons (other than citizens of Pakistan and Bangladesh) to both take Indian currency to, and bring Indian currency from, Nepal and Bhutan, including notes above Rs. 100 up to an overall limit of Rs. 25,000.

However, individuals travelling from India to Nepal or Bhutan, or travelling to India from Nepal or Bhutan, may carry Indian currency notes of denominations above Rs. 100 up to a consolidated limit of Rs. 25,000.

The amended norms are as follows:

1. Carriage of Indian Currency to Nepal/Bhutan

A person not being a citizen of Pakistan or Bangladesh may:

(a) Take or send Indian currency notes to Nepal or Bhutan (excluding denominations above Rs. 100).

(b) However, individuals travelling from India may carry Indian currency notes of denominations above Rs. 100 up to Rs. 25,000.

2. Bringing Indian Currency from Nepal/Bhutan into India

A person not being a citizen of Pakistan or Bangladesh may:

(a) Bring into India Indian currency notes from Nepal or Bhutan (excluding denominations above Rs. 100).

(b) Individuals travelling to India may carry Indian currency notes of denominations above Rs. 100 up to Rs. 25,000.

3. Movement of Nepalese/Bhutanese Currency

Any person may:

(a) Take out of India to Nepal/Bhutan, or

(b) Bring into India from Nepal/Bhutan

currency notes of Nepal or Bhutan without restriction.

Click Here To Read The Full Notification

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied