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The Reserve Bank of India (RBI) while announcing the second bi–monthly Monetary Policy statement on Tuesday, has permitted decided to allow all residents and non-residents except citizens of Pakistan and Bangladesh to take out Indian currency notes up to Rs 25,000 while leaving the country.
Earlier in September 2013, the central bank had raised this limit to Rs 10,000 from the then prescribed limit of Rs 7,500.
According to rules, at present only Indian residents are allowed to take Indian currency notes up to Rs 10,000 out of the country. Non-residents visiting India are not permitted to take out any Indian currency notes while leaving the country.
“With a view to facilitating travel requirements of non-residents visiting India, it has been decided to allow all residents and non-residents except citizens of Pakistan and Bangladesh to take out Indian currency notes up to Rs 25,000 while leaving the country,” the RBI statement said.
