have 37000 inr gifted to my wife by parents and relatives; can i carry it back and deposit in local account in dindia from usa
Bringing INR from abroad is prohibited in India. But Indian residents can bring upto INR 25,000per person .At this point in time, there is no clear directions as to how overseas Indian and residents can exchange the Rs. 500 & Rs. 1000 notes. Please see this link:https://www.compareremit.com/money-transfer-faqs/how-indias-currency-withdrawal-of-rs-500-rs1000-will-affect-nris-0806/
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