RBI Update - Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025

The Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025, issued by the Reserve Bank of India (RBI) under Section 47 of the Foreign Exchange Management Act (FEMA), 1999, amend Regulation 8 of the Principal Regulations. The amendment permits any person, not being a citizen of Pakistan or Bangladesh, to take or send out of India to Nepal or Bhutan, or bring into India from these countries, currency notes of the Government of India (GOI) and the Reserve Bank of India (RBI), except notes above ₹100, with an allowance for individuals travelling between India and Nepal/Bhutan to carry notes above ₹100 up to ₹25,000. It also allows the export and import of currency notes of Nepal or Bhutan.

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