The Reserve Bank of India has amended the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 to insert an annex setting out a prescribed Currency Declaration Form (CDF) for passengers arriving in India. The annex includes instructions stating the form is not required where the aggregate value of foreign exchange brought in as currency notes, bank notes or travellers’ cheques does not exceed USD 10,000 (or equivalent) and/or the value of foreign currency notes does not exceed USD 5,000 (or equivalent). It also advises passengers to produce the CDF to an authorised dealer bank or money changer when converting foreign exchange into Indian rupees or reconverting rupees into foreign exchange, and notes that visitors should retain the form if not encashing all declared foreign exchange so they can present it to Customs on departure to take out any unutilised balance. The amendments take effect from the date of publication in the Official Gazette.
Reserve Bank of India 2026-02-23
Reserve Bank of India adds a Currency Declaration Form annex to rules on bringing foreign exchange into India
The Reserve Bank of India has amended the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015, to include a Currency Declaration Form (CDF) for passengers arriving in India. The CDF is not required if foreign exchange does not exceed USD 10,000 in total or USD 5,000 in currency notes. Passengers must present the CDF when converting currency and retain it for Customs if not all foreign exchange is used.