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Ban on Notes of Rs 2000 & 500-Nov.08-2016
Indian citizens outside India between November-December 30, can exchange or deposit banned notes till March this year,
Cash deposit deadline extended for those outside country
This facility to be available for those, who are not residents of India, till June 30
By :
Babushahi Bureau
First Published :
Friday, Jan 06, 2017 11:55 PM
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New Delhi, January 6, 2017:
All Indian citizens, who were outside India from November 9 to December 30, will be able to exchange or deposit the old currency note of Rs 500 and Rs 1,000 till March this year, an official statement said on Friday.
This facility will be available for those who are not residents of India till June 30 "in order to allow them adequate time to plan a visit as per their convenience", it said.
However as per regulations, bringing back such currency into the country is restricted to Rs 25,000 per person.
The above facility would be subject to the regulations of the notification, Foreign Exchange Management (Export and Import of Currency) Regulations, 2015.
Separate FEMA provisions are applicable to persons in Nepal and Bhutan, which would continue to be in force.(IANS)
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