Wednesday, July 18, 2012

Migrants are entrapped in carrying of 500 and 1000 denominations of Indian currency into Nepal

Jiwan KC, (Banke, Nepal) a migrant worker was arrested and sent to the police custody in April when he was found with sum of 3 lakhs (Indian currency of 500 denominations) by border security force in Nepalgunj. And BSF sent him to Revenue Department. His wife had to sell the land in return to rescue her husband. (Kantipur, 16th July, 2012. Kathmandu) The Indian currency notes of Rs. 500 and Rs. 1000 are banned in Nepal since 2000.  Its applicable to both Indian and foreign nationals traveling to Nepal
In fact, Not only migrants but also many foreigners were arrested in Airport check point or in the land check point, when they were found with large sum of Indian currency of 500 and 1000 denomination. Thought Nepali government has banned Indian currency of 500 and 1000 denomination in 2000; most do not notice it and remain blithely unaware of the ban.
In you are caught with Indian Rs. 500 or Indian Rs. 1000 notes in Nepal, the entire amount in Rs. 500 or Indian Rs. 1000, will be confiscated and you may be subjected to fine or imprisonment( up to three years) in Nepal.

Therefore, it is suggested to migrants, not to carry a cash amount in hand when they travel to Nepal. India has provided a facility to migrants to remit the amount through the NEFT policy.




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