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Core Purpose

The Reserve Bank of India amends the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015, by inserting an Annex for a Currency Declaration Form.

Detailed Summary

The Reserve Bank of India, exercising powers under clause (ga) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), issued the Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2026, on February 23, 2026. These Regulations amend the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 (Notification No. FEMA 6 (R)/RB-2015 dated December 29, 2015), referred to as the 'Principal Regulations'. The amendment primarily involves the insertion of a new Annex, titled 'CURRENCY DECLARATION FORM (CDF)', after the existing regulations, as specified in Regulation 6. Instructions for passengers state that the CDF is not required if the aggregate value of foreign exchange (currency notes, bank notes, or travellers' cheques) brought in does not exceed U.S.$ 10,000/- or its equivalent, and/or the value of foreign currency notes does not exceed U.S.$ 5,000 or its equivalent. Passengers are advised to produce this form to authorized banks or money changers for currency conversion and to retain it for Customs at departure if unutilised foreign exchange remains. The form includes sections for passenger declaration, Customs Officer certification, and endorsement by banks or money changers. The Principal Regulations were initially published in the Official Gazette vide GSR No.1004(E) dated December 29, 2015, and have been previously amended by notifications including G.S.R. No. 151(E) dated February 26, 2019, and No. FEMA 6 (R)/(4)/2025-RB dated November 28, 2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-24022026-270430 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 119] NEW DELHI, TUESDAY, FEBRUARY 24, 2026/PHALGUNA 5, 1947 1323 GI/2026 RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 23rd February, 2026 Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2026 F. No. FEMA 6 (R)/(5)/2026-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, 2026. ii. They shall come into force from the date of their publication in the Official Gazette. 2. INSERTION OF ANNEX: In the Principal Regulations, after the existing regulations, the following Annex shall be inserted, namely: Annex CURRENCY DECLARATION FORM (CDF) [See Regulation 6] Instructions for passengers: 1. This form need not be completed in cases where the aggregate value of the foreign exchange brought in by the passenger in the form of currency notes, bank notes, or travellers' cheques does not exceed U.S.$ 10,000/- or its equivalent and/or the value of foreign currency notes does not exceed U.S.$ 5,000 or its equivalent. 2. Passengers are advised to produce this form to a bank authorised to deal in foreign exchange or money changer at the time of conversion of foreign exchange into Indian rupees or reconversion of rupees into foreign exchange. 3. Visitors to India may please note that in case they do not wish to encash all the foreign exchange declared below they should retain this form with them for production to the Customs at the time of their departure from India to enable them to take with them the unutilised balance. 4. Details of travellers' cheques/currency notes need not be furnished. 5. Foreign tourists need not indicate their address. (To be completed by passenger) I hereby, declare that the following foreign exchange is in my possession at the time of my arrival in India: (Aggregate value only) +--------------------+---------------------+--------------------+----------------+ | Name of the currency | Currency notes | Travelers' Cheques | Total | +====================+=====================+====================+================+ | 1 | | | | +--------------------+---------------------+--------------------+----------------+ | 2 | | | | +--------------------+---------------------+--------------------+----------------+ | 3 | | | | +--------------------+---------------------+--------------------+----------------+ Signature Passport No. Nationality To be completed by Customs Officer This is to certify that the above named person has brought with him foreign exchange as indicated above. Date (Stamp and Signature of Customs Officer) (Space for endorsement) +----------+-------------------------------------+---------------+-----------------------------------+ | Date | Distinctive Number of | Amount changed| Stamp and Signature of | | | Encashment Certificate | | Bank or Money changer | +==========+=====================================+===============+===================================+ | 1 | 2 | 3 | 4 | +----------+-------------------------------------+---------------+-----------------------------------+ | | | | | | | | | | | | | | | | | | | | | | | | | +----------+-------------------------------------+---------------+-----------------------------------+ N SENTHIL KUMAR, Chief General Manager [ADVT.-III/4/Exy./694/2025-26] 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) iv. No. FEMA 6 (R)/(4)/2025-RB dated 28.11.2025 (published in the Gazette on 02.12.2025) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR Digitally signed by SARVESH KUMAR Date: 2006.02.24 19:11

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