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Demonetisation Update: Latest RBI facility for exchange of old 500/1000 INR notes

Demonetisation Update:

Resident and Non Resident Indian citizens abroad are advised to avail the latest Reserve Bank of India facility of exchange of old 500/1000 INR notes:

Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017 and Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017.

There is no monetary limit for exchange for the eligible Resident Indians. For NRIs, the limit will be as per the relevant FEMA Regulations (Rs. 25,000 per person). However, no third party tender will be accepted under the facility. This facility will be available through Reserve Bank offices at Mumbai,

New Delhi, Chennai, Kolkata, and Nagpur.

For more details, please visit:


https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=39107

 

Jan 2, 2017
 
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