Striving of NRIs in Exchanging demonetised notes

Non-resident Indians (NRIs) their passports to enter Reserve bank of India to exchange their demonetised currency notes. (NRIs) visiting India, especially for a short visit, to their native places are finding it difficult to exchange the demonetised currencies of ₹1,000 and ₹500 notes, as these notes can be exchanged only at RBI offices in Mumbai, New Delhi, Chennai, Kolkata, and Nagpur. This is also impacting the travel plans of many NRIs especially from Kerala, Karnataka, Andhra Pradesh, Telangana and many other Northern states who are forced to visit these places to exchange demonetised notes. Moreover, a traveller has to be present in person at these offices with all the travel documents. While this facility will remain open for residents (who were abroad during the specified period) from January 2, 2017 to March 31, 2017, NRIs can avail this till June 30, 2017. However, this facility will be made available through only five of the offices of the RBI at Mumbai, New Delhi, Chennai, Kolkata, and Nagpur.

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