[QUOTE=golmaale;27562025]I am an Indian living in the US and have no way to return to India before 2017; however, I have about 50,000 rupees in cash in a bank locker in India to which I am the only signatory.
QUOTE]
hmmm. is it legal to put cash in lockers in india?
One of the purpose of this whole painful exercise is to get rid of such money sitting outside banking system
1 year CD pays 7 pct. Even ordinary savings account pays 4 something.
(provided it is legal money and not black money)