Unlimited foreign currency possession permits qualifying temporary Indian residents to retain funds lawfully acquired abroad and brought into India. Persons resident in India who are not permanently resident may possess foreign currency without limit if it was acquired, held or owned while resident ... Summary
Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015
Unlimited foreign currency possession permits qualifying temporary Indian residents to retain funds lawfully acquired abroad and brought into India.
Persons resident in India who are not permanently resident may possess foreign currency without limit if it was acquired, held or owned while resident outside India and was brought into India in accordance with applicable foreign-exchange regulations. The permission covers currency notes, bank notes and travellers cheques. Not permanently resident status covers residence for specified-duration employment or a specific job or assignment not exceeding three years.
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