In the latest advisory issued yesterday, Department of Foreign Affairs and Trade (DFAT)said, "Indian authorities have replaced withdrawn 500 and 1,000 notes with new 500 and 2,000 rupee notes slowly entering circulation."
"Withdrawals from ATMs are subject to a daily limit of 4,500 rupees (around 90 Australian dollars), which applies to international bank cards. Expect queues and cash shortages at ATMs and note that many ATMs will not accept cards issued by foreign banks. Foreigners are permitted to exchange foreign currency up to 5,000 rupees (around 100 Australian dollars) per week at banks and foreign exchange bureaus."
"Due to the ongoing uncertainty of obtaining cash, ensure your trip is planned in such a way so as not to depend on the availability of cash," it said.
"Be aware that some travellers have reported difficulties in exchanging 100 dollar notes for local currency in India," it also said.
However, the overall advisory ofexercising high degree of caution while travelling to India was kept unchanged for the travellers.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
