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.
Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017 and Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017.
"While 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 RBI said.
“They can avail this facility in their individual capacity once during the period on submission of ID documents, such as, Aadhaar number, Permanent Account Number (PAN) etc, and on submission of documentary evidence showing they were abroad during the period and, that they have not availed the exchange facility earlier, Customs certificate about import of SBNs by NRIs etc. No third party tender will be accepted under the facility," RBI said.
The facility will be available through RBI offices at Mumbai, New Delhi, Chennai, Kolkata, and Nagpur.
"Indian citizens resident in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility," the circular said. — PTI
