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RBI sets up counters for NRI deposits

The Reserve Bank of India (RBI) has opened a new window for non-resident Indian and citizens who were staying abroad since November 8 to deposit the demonetised ₹1,000 and ₹ 500 currency notes.

Details:

  • For RICs: Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017.
  • For NRIs: Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017.
There is no monetary limit for exchange for the eligible Resident Indians, the limit for NRIs will be as per the relevant FEMA Regulations.
  • The facility will be available through RBI offices at Mumbai, New Delhi, Chennai, Kolkata, and Nagpur.



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