Do you know how much foreign currency you can carry abroad from India?

Highlights: How much foreign currency can I carry abroad?

• Indians who plan to migrate or travel abroad must follow certain currency limits.
• There is a currency limit placed on the declared and undeclared amount one can carry from India.
• Financial limits are set to prevent money laundering and to easily track the money movement within the countries.
• Individuals can also use debit cards, credit cards and transactions for other forms of expenditure.

 

Why do foreign countries have a currency limit?    

There have been recorded incidents of excessive money exchange by making use of a loophole in the currency exchange system. Placing a financial limit allows countries to keep track of the money flow within the country. Indians who plan on traveling or migrating abroad are expected to follow the currency limits set by the country of their choice.

 

The table given below has the list of foreign currency limits of different countries:

Country	Foreign Currency Limit
Dubai	100,000 Dirham
USA	$3,000
Canada	$10,000 CAD
Singapore	SGD $20,000
France	€10,000
Spain	€10,000
Italy	€10,000
Australia	AUD $10,000
Thailand	฿10,000 to ฿50,000
UK	£10,000
Germany	€10,000
Indonesia	IDR 1 billion
Greece	€10,000
Nepal	₹25,000
Mauritius	MUR 500,000
Sri Lanka	$10,000

 

Given below are details of the top 6 countries with its currency limits.

 

Migrate to the USA 

Planning to travel to the US? The maximum amount of cash you can carry as an Indian is $3000. However, there are other options like debit cards, credit cards and online transactions to help manage your expenses.

 

Migrate to UAE  

Migrating to the UAE? The maximum amount of funds one can carry to UAE is 100,000 Dirhams. However, one can make their purchases for shopping through credit cards and online transactions without any limits.   

 

*Looking to migrate to UAE? Let Y-Axis assist you with the procedure.

 

Migrate to Canada   

When migrating to Canada it is advisable to know about the financial limit for maximum currency exchange. The Canadian Government allows upto $10,000 CAD for individuals who are traveling to the country.

 

*Planning to migrate to Canada? Talk to experts at Y-Axis for end-to-end support.

 

Migrate to the UK 

Indians travelling to the United Kingdom and its surrounding countries like Ireland, Switzerland, Scotland, Iceland must follow the maximum currency limit. The current maximum exchange limit of Europe is set at 10,000EU.

 

*Willing to migrate to the UK ? Y-Axis is here to assist you with the procedure.

 

Migrate to Germany  

Individuals traveling to Germany can carry up to €10,000 of undeclared cash. Debit cards, credit cards and transactions are accepted throughout the country for shopping and other recreational purposes.

 

*Looking for assistance with German Immigration? Let Y-Axis guide you with the steps.

 

Migrate to Australia  

Australia has placed a limit of AUD $10,000 for undeclared currency and travelers who carry beyond the given limit are expected to declare it upon arriving in the country. The country accepts debit cards, credit cards and transactions for other forms of expenditure. 

 

*Want to migrate to Australia? Talk to experts at Y-Axis for complete immigration assistance.  

 

Alternatives for foreign currency exchange   

The maximum currency limit differs for travelers travelling individually, with their families and for other purposes. The amount carried may also vary between declared and undeclared sums. There are several countries that allow travelers to carry maximum funds in cash as undeclared amounts, which will be adequate for many of their traveling needs. People from India who are traveling abroad can plan other payment options, such as debit cards, credit cards, and online transactions. Most of the countries allow these types of payments with customs regulations for selective purchases.  

 

*Looking for assistance with overseas Immigration? Talk to Y-Axis, world’s No.1 Overseas Immigration Company for end-to-end assistance.