RBI Introduces Currency Declaration Form for Foreign Exchange Brought into India

Notification no. F.No. FEMA 6(R)/(5)/2026-RB; Dated: 23.02.2026

The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2026. The amendment introduces the Currency Declaration Form (CDF) as an annexure to the regulations.

1. Insertion of Currency Declaration Form (CDF)

The amendment formally incorporates the Currency Declaration Form (CDF) within the regulatory framework governing export and import of currency. The CDF is required to be used for declaration of foreign exchange brought into India from abroad.

2. Declaration Requirement Under Regulation 6

As per Regulation 6 of the existing regulations, a person may bring foreign exchange into India from any place outside India, subject to the condition that:

• A declaration is made to the Customs authorities in the prescribed Currency Declaration Form (CDF).

This ensures regulatory reporting and monitoring of foreign exchange inflows carried by individuals entering India.

3. Submission to Authorised Dealers

Passengers bringing foreign exchange into India are advised to:

• Submit the completed CDF to Customs authorities at the time of entry, and
• Produce the form to a bank authorised to deal in foreign exchange (Authorised Dealer) where required.

4. Objective of the Amendment

The amendment aims to streamline and formalise the declaration process for foreign exchange brought into India by incorporating the CDF within the regulations. This will facilitate better monitoring, regulatory compliance, and transparency in cross-border currency movement.

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