FlyerTalk Forums - View Single Post - CONSOLIDATED: 500 and 1000 rupee notes no longer legal tender!
Thread: CONSOLIDATED: 500 and 1000 rupee notes no longer legal tender!
View Single Post
Old Jan 4, 2017 | 5:18 pm
  #181  
desi
All eyes on you!
20 Years on Site
 
Join Date: Oct 2003
Posts: 1,217
Originally Posted by ukdoctor
The document you have attached seems to be specific for Indian Citizens (Resident and Non resident Indian citizens ) with different time frames for each.

​​​​​The question is whether OCI holders will be allowed the same ???

​​
​​​​​​
From news media reports, it seems that for OCI/PIO who legally took some rupee notes out of India, currently babus have provided no mechanism to redeem those notes for new ones or deposit old ones into an account. (Item 6 on latest update of FAQ on its web site by RBI)

Babus may come up with more rules. But again that hope may turn out to be futile as they still have not removed OCI and 50 year rule yet.
Last edited by desi; Jan 5, 2017 at 12:52 am
desi is offline  
Reply