Again, it is not an urgent issue for RBI to handle since the time limit is still end March 2017. I do not know why legitimate people like you are worried about this so early. Let the situation in India be normal first and then I am sure, Govt will work out some ways and means to help NRI's like you with genuine money. more
No I am talking about legitimate, Tax paid money which some NRIs or more so current travelers are having in their possession. Currency regulation of India provides to carry Indian currency up to Rs.25000/-. How will they exchange this amount with new currency without coming back to India. If they are unable to come to India then they should be given equal opportunity as any other Indian.
I again reiterate that India does have Indian bank's branches in some country. Otherwise Indian consulate could have been trusted with task. more
Secondly India does have Indian bank's branches in some country. Otherwise Indian consulate could have been trusted with task. more
NRI's in fact should not have bothered so much as I have been seeing from the posts made by some of them in these circles. All procedures are in place for NRI's also but banks can not go to houses of each NRI and exchange their currency.
If you are so keen to exchange, you can make a trip to India before the due date and convert the same. more