Originally Posted by
desi
@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?
Thank you. I tried very hard to find an official RBI declaration. I was unable to find this one.
That said, this still talks about resident and non-resident (Indians I assume). We're not Indians once we got our respective countries' passports. OCI came later. They (netas and babus) will win on this one. At the least, this is likely why NRIs only can still turn in the old notes and OCI/PIOs are out of luck till a neta or a babu rolls out a yet another rule change.
As to a letter. F it. I do not have time to mess around with these Indian beaurocrats for petty stuff. I gave up on that country on my last trip and pulled out EVERYTHING. I have no ties what so ever to India financially/economically. Everyone in that country is either sitting at the desk for the bribe (in case of govt. office) or to fleece foreigners.
I got tired of watching my 72 year old dad go from branch to brach to turn in my KYCs and told him to close out everything. The final papers/closings were completed in Jan 2016 on my last trip.
Good riddance.
I love the country but I am saddened at the rate at which even common people are out there to get your $$ without providing you commensurate service/benefit.