Importing Currency by Post in India: Rules Under FEMA 1999, RBI Permissions & Customs Limits Explained
Under the Foreign Exchange Management Act, 1999, importing Indian or foreign currency by post into India requires special or general permission from the RBI, and importing Indian currency notes and coins by post is prohibited. Customs may permit the import of currency by post up to Rs.5,000 for residents, subject to approval and record-keeping requirements. Parcels exceeding this limit require a "No Objection Certificate" from the RBI. Authorized dealers can import currency notes from overseas branches without specific RBI clearance for normal banking needs.