Originally Posted by
desi
If you are outside India and have more than 25000 Rs on yourself then you have only yourself to blame as 25000 is the recently increased limit (used to be 10000)
If you have more than 25000 and end up not being able to deposit/exchange then consider it a speeding ticket type fine for violating various rules (both customs and FERA)
If you have less than 25000 and end up not being able to exchange/convert, consider it donation to India (it is less than 400 USD). Cancellation of 1000 RS note was standard roumour for last many years. So it should not come as surprise. Even cancellation of 500 and 1000 would not have been a big issue if civil servants had handled it better. (such as 200 Rs notes would have been more useful than 2000 rs notes)
The above is neither a wholly accurate representation about the legal circumstances nor a rational justification for the financial harm inflicted upon currency note holders by this governmental move.