FlyerTalk Forums - View Single Post - CONSOLIDATED: 500 and 1000 rupee notes no longer legal tender!
Old Jan 13, 2017 | 1:26 pm
  #221  
desi
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Originally Posted by dvpatel
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.

@dvpatel,

Here you go. Hope RBI circular on its own website is considered more official than Quora.

https://www.rbi.org.in/scripts/Notif...Id=8949&Mode=0

A letter to PMO office (Gujarati or Hindi or English) by lot of OCI/NRI might help, just might. OCI situation is pure unfair. But with only 5 branches of RBI make the case unnecessarily inconvenient even for NRI.

It seems there were 1200 OCI at PBD meeting and no one spoke up?
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