rbi rules for currency exchange

this way they can send notes further to RBI in this way the mutilated or forex giri yap damaged notes can be used. 10,000 ) Notes In Two Pieces, there are different rules for the different notes. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. If you do not want cookies to be dropped on your device, you can adjust the setting of your Internet browser to reject the setting of all or some cookies and to alert you when a cookie is placed on your device. The condition is that the number of the note should not be mutilated. Yes, the RBI has kept some conditions for this. They have all confirmed that old notes can be exchanged or deposited in their Indian branches only and not in their foreign branches. ) Donations, if you does not want to get compensation for the money or if you dont want to go through all the procedures like banks lines. 31, 2016 that Indian residents and NRIs who were abroad (except for those returning from Nepal, Bhutan, Pakistan, Bangladesh) from November 9 to December 30 can deposit old Specified Bank Notes (SBNs).

Unfortunately, US branches of Indian banks such as State Bank of India in New York or icici Bank in Chicago etc. This includes withdrawals at ATMs also. Required Documents, in order to exchange old notes at RBI, you would need to submit the following documents: Stamped customs declaration form regarding import of SBNs with the details of count and value.

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As you can see from above, the only option for NRIs living abroad to get their old notes exchanged is to in India. First and Third-party Cookies, first party cookies, these are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by m). There are the ways with which we can use torn currency notes. Sending cash by courier or post. A copy of the passport with immigration stamp as proof that the person was absent from India from November 9, 2016 through December 30, 2016.