Originally Posted by
desi
Sir,
Your information seem to contradict facts. Care to post the link to an official source that you looked up??
Do you really think that so many posters here are just posting without having done due delligence of double-checking actual official rules?
Sorry about your loss of 10,500. (Most of us here on this thread are in hole for much bigger amount)
OCI-NRI parity on economic matters is something claimed by GOI (and even displayed in BOLD on its website - link was posted upthread)
I knew that was coming. I was in a rush this morning and my work laptop and its ancient IE browser does NOT let me edit the posts. Here goes.
http://timesofindia.indiatimes.com/b...w/22679752.cms
https://www.quora.com/Why-is-it-ille...e-out-of-India
http://www.bbc.com/news/business-37938925
Apparently, even NRIs cannot legally take the money out. We all do. I get that. There is no enforcement and there are no signs per say to let us all know that as well. But the fact is, it is illegal to carry out Rupees out of India. Consequently, I had read it was illegal to bring Rupees into India as well.
Now. I am not debating whether the OCI holder gets the same parity as NRIs or not but I have read dozens of articles citing it was illegal to carry the notes to begin with. The "official" India sites are very hard to navigate however.
Can you please post an official rule that is recent that allows one to carry a certain amount of Rupees legally? I have not found that either.