How to Convert Indian Rupees to CAD


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vrk_appu   
Member since: Oct 04
Posts: 1
Location: Chennai, India

Post ID: #PID Posted on: 09-12-04 08:41:42

My first time here at CD. I would not know where this message of mine goes and lands, but, wanted to place on the table whatever facts I knew on the above w.r.t. Foreign Exchange.

It is true that FX is sold to Indian Citizens only in India. By Indian citizen I mean anyone having an Indian passport and being in India for a period of six months plus on a continuos basis. Not that the other categoies cannot take exchange. They too can take exchange before leaving India but only upto an equivalent of Rs. 10K. BUT, my advise to all foreigners and NRI's is that when you come to India and exchange Dollars to INR make sure you retain the encashment certificates. By doing so you are able to cash back whatever dollars you had changed on arrival into India. This is possible 24 hours prior to departure.

Indians leaving for abroad can carry upto Rs. 2000/- out of the country. So now you know how much you could bring back.

Indians who have moved out of the country and need to take money out of India during subsequent trips (having become NRI's) can do so within RBI rules. Nothing is impossible. Everything is possible within the rules BUT, the catch here is that the monies cannaot be taken in currency or TC form and can only be account transfers.

If I were to go into further details, it would be a lengthy one and no time for that. Have just touched on the important ones.



Contributors: pratickm(6) DiogenestheCynic(4) jigz787(3) jago_desi(3) Manasvi(1) chandresh(1) deepcb(1) maxim(1) aryan49(1) vrk_appu(1) Daks(1)



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