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Core Purpose

This notification introduces the Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025, to amend Regulation 8 of the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015.

Detailed Summary

The Reserve Bank of India (Foreign Exchange Department), Mumbai, issued Notification No. FEMA 6 (R)/(4)/2025-RB on November 28, 2025, exercising powers under clause (ga) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999). This notification introduces the Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025, which amend Regulation 8 of the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 (Notification No. FEMA 6 (R)/RB-2015 dated December 29, 2015). The amendments, effective upon publication in the Official Gazette, allow persons (not citizens of Pakistan or Bangladesh) to export or import Government of India and Reserve Bank of India notes to/from Nepal or Bhutan, excluding denominations above ₹100, with an exception that individuals can carry notes above ₹100 up to a total limit of ₹25,000 when traveling between India and Nepal or Bhutan. Additionally, any person may export or import currency notes being the currency of Nepal or Bhutan to/from these countries. The Principal Regulations were initially published vide GSR No.1004(E) dated December 29, 2015, and previously amended on February 26, 2019, August 11, 2020, and December 3, 2020.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-02122025-268152 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 771] NEW DELHI, FRIDAY, NOVEMBER 28, 2025/AGRAHAYANA 7, 1947 RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) NOTIFICATION Mumbai, the 28th November, 2025 Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025 No. FEMA 6 (R)/(4)/2025-RB.–In exercise of the powers conferred by clause (ga) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 (Notification No. FEMA 6 (R)/RB-2015 dated December 29, 2015) (hereinafter referred to as 'the Principal Regulations'), namely: 1. SHORT TITLE & COMMENCEMENT: i. These Regulations may be called the Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025. ii. They shall come into force from the date of their publication in the Official Gazette. 2. AMENDMENT TO REGULATION 8: In the Principal Regulations, for Regulation 8, the following shall be substituted, namely: Notwithstanding anything contained in these regulations, a person – 1. not being a citizen of Pakistan or Bangladesh, may take or send out of India to Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India notes (other than notes of denominations of above ₹100 in either case); provided that an individual travelling from India to Nepal or Bhutan can carry notes of denominations of above ₹100 up to a total limit of ₹25,000; 2. not being a citizen of Pakistan or Bangladesh, may bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India notes (other than notes of denominations of above ₹100 in either case); provided that an individual travelling to India from Nepal or Bhutan can carry notes of denominations of above ₹100, up to a total limit of ₹25,000; 3. may take out of India to Nepal or Bhutan, or bring into India from Nepal or Bhutan, currency notes being the currency of Nepal or Bhutan. N SENTHIL KUMAR, Chief General Manager [ADVT.-III/4/Exty./507/2025-26] Note: The Principal Regulations were published in the Official Gazette vide GSR No.1004(E) dated December 29, 2015 in Part II, Section 3, sub-section (i) and subsequently amended vide: i. G.S.R. No. 151(E) dated 26.02.2019 ii. No. FEMA 6 (R)/(2)/2020-RB dated 11.08.2020 (published in the Gazette on 18.08.2020) iii. No. FEMA 6 (R)/(3)/2020-RB dated 03.12.2020 (published in the Gazette on 04.12.2020)

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