Nepal eases post-demonetisation curbs on Indian currency; allows ₹200, ₹500 notes
Nepal has lifted a long-standing restriction on carrying ₹200 and ₹500 Indian currency notes, allowing travelers to carry up to ₹25,000. The move aims to facilitate trade and tourism between India and Nepal following the 2016 demonetization policy.
Why it matters
This policy shift eases cross-border financial friction and supports economic integration between the two neighboring nations.
Nepal has allowed Indian and Nepalese nationals to bring into or take out of the country Indian currency notes of ₹200 and ₹500 denominations, ending a nearly decade-long restriction under which only notes of up to ₹100 denomination were permitted following India's 2016 demonetisation.
The Nepal Rastra Bank (NRB), in a notice reissued on Thursday (July 23, 2026), said Indian and Nepalese nationals may carry Indian currency notes of ₹200 and ₹500 denominations issued on or after November 9, 2016, up to a limit of ₹25,000 per person in accordance with the prevailing regulations.
Though the provisions had already been notified through a notice published in the Nepal Gazette on February 11 after the necessary regulations were framed, the NRB reissued the notice to reiterate the rules and clarify their implementation.
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