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RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNs

News and Press Release - Dated:- 2-1-2017 - The Reserve Bank of India has introduced a facility of exchange of specified bank notes (SBNs) to give an opportunity to Indian citizens and non resident Indian (NRI) citizens who were abroad during November 9, 2016 to December 30, 2016. 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, .....

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acility earlier, Customs certificate about import of SBNs by NRIs etc. No third party tender will be accepted under the facility. On fulfilment of the terms and conditions and the genuineness of the notes tendered, admissible amount will be credited to the tenderer s KYC compliant bank account. The facility will remain open for residents from January 2, 2017 to March 31, 2017 and for NRIs from January 2, 2017 to June 30, 2017. This facility will be available through Reserve Bank offices at Mumba .....

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