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Thread: CONSOLIDATED: 500 and 1000 rupee notes no longer legal tender!
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Old Jan 5, 2017 | 4:44 am
  #187  
oliver2002
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Originally Posted by ukdoctor
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 .
The process is the same as with torn/soiled/defaced bank notes. Only the money will not be exchanged for cash, but deposited in your bank account.
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