Update on demonetization in India

Given the monetary crisis in India, travellers should have international credit and debit cards on hand. Exchanging foreign currency at airports could be difficult at the present time.

Advice For Travellers

Some ATMs are now operating. There may be long lines to access ATMs. At present, withdrawals are limited to 2,500 rupees per card, per day. Use debit or credit cards instead of cash where possible. You can use old 500 rupee notes for certain services up to 15 December 2016. Foreign tourists will be able to exchange foreign currency or old notes of not more than 5,000 rupees per week into legal tender at airport exchange counters.

ATMs are progressively being recalibrated. As and when they are recalibrated, the cash limit of these ATMs will be enhanced to 2,500 rupees per day.

The incidence of fake Indian currency notes in higher denomination has increased.

In a surprise move on November 8, the Indian Government demonetized 500 and 1000-rupee notes. These notes made up 85 per cent of the total currency notes in circulation in India, causing an acute shortage of cash for daily use.