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ADVISORY ON INDIAN CURRENCY

Posted on: November 12, 2016 | Back | Print

The Government of India decided to demonetize/withdraw the Indian currency notes of the denomination of Rs. 500/- and Rs. 1000/- with effect from 9th November 2016. It may be brought to the notice of all Indian nationals and other holding Indian currency notes overseas legitimately, that they do not need to panic with regard to such currency in their possession. The Government of India assures them that a rather long window for exchange of these currency notes has been provided to them i.e. up to 30th December 2016.

They are advised to keep looking for Government of India announcements including information from the High Commission in this regard. It may also be mentioned that Indians are allowed to carry up to Rs. 25,000/- in currency notes while travelling abroad. Facilities to convert Indian currency have been provided at the airports, within the legally permissible limits.


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