{"id":15720,"date":"2020-09-19T11:00:56","date_gmt":"2020-09-19T11:00:56","guid":{"rendered":"https:\/\/www.unimoni.in\/blog\/?p=15720"},"modified":"2021-09-02T09:01:29","modified_gmt":"2021-09-02T09:01:29","slug":"9-less-known-facts-about-foreign-currency-notes","status":"publish","type":"post","link":"https:\/\/www.unimoni.in\/blog\/9-less-known-facts-about-foreign-currency-notes\/","title":{"rendered":"9 less known facts about foreign currency notes!"},"content":{"rendered":"<style><\/style><ol>\n<li><strong>Do you have a large sum of money as foreign currency notes held back for a long time?<\/strong><\/li>\n<\/ol>\n<p>Rates are low and I don\u2019t want to <a href=\"https:\/\/www.unimoni.in\/forex\/\">convert foreign currency notes<\/a> now, might be your answer. Sorry to update that such notes held back for long is not permissible.<\/p>\n<p><strong>2. Why I can\u2019t hold foreign currency for long?<\/strong><\/p>\n<ul>\n<li>Reserve Bank of India has set a limit of 180 days to return the foreign currency notes<\/li>\n<li>There are chances of notes getting stale or outdated<\/li>\n<\/ul>\n<p><strong>3. How much currency notes can I keep?<\/strong><\/p>\n<ul>\n<li>Keep leftover foreign currency up to USD 2,000 as notes or traveler&#8217;s cheques<\/li>\n<li>You can keep up to USD 5000 in notes and USD 10000 in notes, coins, and traveler\u2019s cheques once declared or intimated with a reason<\/li>\n<\/ul>\n<p><strong>4. Can I keep foreign notes at home?<\/strong><\/p>\n<p>You can keep foreign currency notes at home up to USD 2000 to be returned before the stipulated period.<\/p>\n<p><strong>5. What are the documents required to buy\/sell foreign currency notes?<\/strong><\/p>\n<ul>\n<li>Copy of any personal ID, self-attested with the date is the most essential like PAN card, Voter ID card, Passport, Driving license, Government ID card, Photo ration card, etc.<\/li>\n<li>Remember to put the date to avoid misuse of your KYC document.<\/li>\n<\/ul>\n<p><strong>6. What is the best time to sell foreign notes?<\/strong><\/p>\n<ul>\n<li>Best time to exchange foreign currency largely depends on the rate movement.<\/li>\n<\/ul>\n<p><strong>7. What to do with the leftover foreign currency?<\/strong><\/p>\n<ul>\n<li>Buy a rare souvenir for your loved ones<\/li>\n<li>Check the current exchange rates online and sell it when rates are good<\/li>\n<\/ul>\n<p><strong>8. How much foreign currency notes can I carry while traveling?<\/strong><\/p>\n<ul>\n<li>USD 3,000 or equivalent can be carried in the form of currency notes,<\/li>\n<\/ul>\n<p><strong>9. How to identify fake currency notes<\/strong><\/p>\n<ul>\n<li>Keep an eye on the watermark as the fake ones have a transparent look<\/li>\n<li>Figures in the note might not have alignment<\/li>\n<li>Check the broken printed lines and ink smudges<\/li>\n<\/ul>\n<p>Always visit an authorized service provider to avoid all such hassles<\/p>\n<p><strong>How to exchange foreign currency?<\/strong><\/p>\n<ul>\n<li>Try to analyze present currency rates by calling authorized dealers holding a licence from RBI<\/li>\n<li>Get your KYC documents ready before approaching the dealer as KYC is mandatory for such authenticated service providers<\/li>\n<li>Copy of any personal ID, self-attested with the date is the most essential, and remember to put the date to avoid misuse of your KYC document<\/li>\n<li>It is advisable to count your currency before submitting and count your exchanged currency before leaving the counter<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Do you have a large sum of money as foreign currency notes held back for a long time? Rates are low and I don\u2019t want to convert foreign currency notes now, might be your answer. Sorry to update that such notes held back for long is not permissible. 2. Why I can\u2019t hold foreign currency&#8230;<\/p>\n","protected":false},"author":3,"featured_media":15722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[41,47,44,55,43],"tags":[82],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Facts About Foreign Currency Notes - Identify Fake Currency Notes<\/title>\n<meta name=\"description\" content=\"Did you know that you cannot hold foreign currency notes for long? 9 reasons never about foreign currency notes that you never knew!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.unimoni.in\/blog\/9-less-known-facts-about-foreign-currency-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facts About Foreign Currency Notes - Identify Fake Currency Notes\" \/>\n<meta property=\"og:description\" content=\"Did you know that you cannot hold foreign currency notes for long? 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