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Thread: CONSOLIDATED: 500 and 1000 rupee notes no longer legal tender!
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Old Jan 6, 2017 | 3:52 am
  #195  
ukdoctor
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Originally Posted by golmaale
If you read the notification (see link in my post), #6 specifically says OCI holders are not covered. So are there no other OCI/PIO holders in my shoes?

You are correct. Point 6 of the RBI notification does exclude OCI and PIO and makes it very clear that they are not allowed to deposit at RBI now.

The scheme is currently open for Indian citizens only !!!

Link

https://m.rbi.org.in/Scripts/FAQView.aspx?Id=122


PS: I took all my Indian currency from the UK when I went to India in late November and deposited it.

I offered to take my colleagues currency as well. However he was planning to deposit the funds via RBI office at Mumbai as he was going there next week.. He is a OCI and it looks like his money is now worthless.
Last edited by ukdoctor; Jan 6, 2017 at 3:59 am
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