Foreign Passport holder at the International Departure Terminal
You are leaving India and you want to buy foreign currency by selling the Indian rupees that you may have left with
Now, let’s take an example: From the time you arrived in India, you converted $5,000 (cash) to Indian currency altogether and withdrew $700 from ATM within the last 7 days before your departure date. Of course, for every currency exchange transaction and ATM withdrawal, you get a receipt.
i) In case you lost all your receipts:
Rs. 10,000 (maximum) can be converted to the foreign currency.
ii) In case you have all your receipts:
You will get Indian rupees equivalent to the maximum amount of $3,000 converted to foreign currency. The calculation is done on the basis of the selling rate of USD for that particular day.
So, if the selling rate of 1 USD is Rs. 60 on the day you are departing, then the maximum India currency which you can get converted to foreign currency will be $3000 x Rs. 60 = Rs. 180,000.
Anything over this amount doesnt get converted to the foreign currency.
So, considering the case above, let’s say you are left with Rs. 200,000 and the selling rate of US$ that day is Rs. 60. This is equivalent to $3,333 (Rs.200,000/60). Now, according to the rule, you can get Indian currency equivalent to $3000 converted. Therefore, you will be left with Rs. 19,980 not converted back to foreign currency.
Keep in Mind: After the Immigration and Security Check at the Airport
- Indian currency is NOT converted to foreign currency
- Foreign passport holders cannot carry more than Rs. 10,000