NRIs must show old notes to Customs during airport arrival

NRIs and Indians returning from overseas would have to physically show the Rs 500 and Rs 1000 notes to Customs at the airport and get a declaration form stamped before depositing the demonetised currency in the Reserve Bank of India.

More NRIs expected at PBD 2017 following RBI’s extended deadline for note exchange

The Indian government try to bring in more Pravasi (NRIs) to India. The Reserve Bank of India (RBI) has extended the deadline of exchanging defunct notes up for Indian diaspora.

About Tag: NRI Personal Finance

Covering topics like NRE and NRO accounts, FCNR deposits, remittance updates, estate planning, financial products relevant to your geography, expert commentary, regulatory changes and so on.