Nepal lifts its decade-old ban on ₹200 and ₹500 Indian notes, allowing travellers to carry up to ₹25,000. The move brings major relief to workers, tourists and pilgrims.
While lifting the ban, Nepal has clearly defined the permissible amount. Each traveller can carry Indian currency notes worth up to ₹25,000 in denominations of Rs 200 and Rs 500. The move is expected to provide major relief to cross-border workers, students, pilgrims, and tourists who frequently travel between India and Nepal.Until now, many travellers unknowingly violated currency regulations, often leading to fines or even detention. Nepal’s hospitality and tourism sectors had also been adversely affected due to the restrictions on Indian currency, given the high volume of Indian visitors.The restriction dates back to India’s demonetisation exercise in November 2016. Nepal had banned the import and circulation of Indian banknotes issued after November 9, 2016, and prohibited the use of Indian currency above Rs 100. At the time, it was estimated that Indian currency worth around Rs 5 crore was circulating within Nepal’s banking system and remained stuck there.With India easing regulations and clarifying currency norms, Nepal has now responded positively by lifting the ban, marking an important step towards smoother cross-border travel and economic activity between the two neighbouring countries.
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Nepal has officially removed the long-standing restriction on high-value Indian currency notes. Indian and Nepalese citizens can now carry Rs 200 and Rs 500 notes into Nepal, a significant change from the earlier rule that allowed only Rs 100 Indian notes.
