Originally Posted by
oliver2002
Desi, the deadline to deposit old 500/1000 notes in regular banks has been extended till end Q1/17. Read the circular above. NRIs have a later deadline of end Q2/17 if they get the form above stamped at entry by customs.
You guys may have other sources of info, but the demonetisation has caused considerable trouble in the sectors that only deal in cash to avoid reporting sales to GST.
The circular says about NRI etc being eligible to deposit the money in RBI offices provided the customs declaration form is signed by the officials at arrival . I didn't see any mention of them being able to deposit it into their bank accounts ??
Moreover the circular does not clarify whether foreign citizens or even those with PIO/OCI are eligible as it only mentions Indian citizens .