Does Indian currency work in Nepal?

Hi, All Indian currency is widely accepted in Nepal. … Hey Umang, Indian currency is widely accepted in Nepal, but make sure you carry notes of Rs. 100 and less. There’s no limit of how much you can carry, and you can use Indian banks and ATMs in Nepal to withdraw money.

Can I use Indian currency in Nepal?

Although Indian currency is valid in Nepal (at an official exchange rate of 1.60 Nepalese rupees to 1 Indian rupee), the Rs. 500 and Rs. 1000 currency notes are not acceptable. Carrying 500 and 1000 Indian rupee notes is a punishable offence in Nepal.

Which Indian currency is allowed in Nepal?

Export and Import of Indian Currency

Further, an individual may carry to Nepal or Bhutan, currency notes of Reserve Bank of India denominations above ₹100/-, i.e. currency notes of ₹500/- and/or ₹1000/- denominations, subject to a limit of ₹25,000/-.

How much Indian currency can I carry to Nepal?

The RBI has only allowed the circulation of Indian currency notes of Rs 100 and less in Nepal. Agencies Before the demonetisation of Rs 500 and Rs 1,000 bank notes in November 2016, the RBI had issued a FEMA notification allowing Nepali citizens to carry Rs 25,000 worth of such bank notes.

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Is Indian currency banned in Nepal?

An official study estimates that Nepali banks, financial institutions, and individuals hold more than 7 billion rupees (about $108 million) worth of banned Indian notes. Indian currency, although not legal tender, is widely circulated and accepted in Nepal.

Does Indian ATM card work in Nepal?

You may use your normal INDIAN CARD (debit / credit) in Nepal. These establishments will charge you in NPR which will later be converted to INR by your bank while issuing you the statements. You may use the local INDIAN VISA / MASTER card (that is used in India) for withdrawal / payments.

Does passport required for Nepal?

Do Indian Travellers Need to Possess a Passport to Visit Nepal? Yes, it is vital for Indians travelling to Nepal to carry their valid passports. However, tourists who do not possess their passport for Nepal from India can produce a few other documents in its stead to enter the country.

Is Nepal expensive than India?

Nepal is 11% more expensive than India.

Does Nepal accept old Indian rupees?

The Indian government on November 8, 2016 announced the ban on old 500 and 1,000 rupee notes to curb black money in the system. … Demonetisation caught Bhutan and Nepal off guard where Indian currency is widely used.

Can I use Indian Rupee in Bhutan?

You must carry a Government ID proof, preferably Passport or a Voter’s ID to enter Bhutan. As Indian travellers you can use Indian rupees in Bhutan except for the new 2000 rupee note which is not accepted, so get change!

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How much cash can I carry in Nepal?

Reserve Bank of India has allowed travelers from India and Nepal or Bhutan to carry currency notes of Rs 500 and Rs 1000. Earlier, travelers were allowed to carry currency notes of only up to Rs 100. However, the maximum limit that an individual can carry is Rs 25,000.

Do Indian passport holders need visa for Nepal?

Indian nationals do not require a visa to enter Nepal.

What is the price of petrol in Nepal?

In Indian territories, the price of petrol is ₹ 97.29 paise and diesel ₹ 90.30 paise per litre, while in Nepal petrol is available for ₹78 (125 Nepali currency) and diesel ₹66 per litre.

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