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Nepal has allowed travellers to carry Indian Rs 200 and Rs 500 currency notes, up to a combined limit of Rs 25,000 per person.
The decision was taken by Nepal Rastra Bank (NRB), the country's central bank, in late July 2026.
Only notes issued after 9 November 2016 are permitted.
The Reserve Bank of India had amended its FEMA regulations to permit carrying higher-denomination notes.
Pre-2016 Rs 500/Rs 1,000 notes and all Rs 2,000 notes remain banned in Nepal.
The central bank of Nepal, which set the new rules on carrying Indian notes
India's central bank, which amended FEMA regulations to enable this
Banking Awareness > Currency, RBI and FEMA
General Awareness > Economy and Current Affairs
GS Paper 2 > India and its Neighbourhood; GS Paper 3 > Economy
Which one of the following statements correctly describes the meaning of legal tender money?
Answer: The money which a creditor is under compulsion to accept in settlement of his claims
The central bank of Nepal, headquartered in Kathmandu.
Foreign Exchange Management Act — the framework governing India's foreign-exchange transactions.