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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 Novembe .....

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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. They can avail this facility in their individual capac .....

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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 .....

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