NRI having cash
Almost all Indians will have 5-50,000 cash with them.
We cannot afford to fly to India just to change or deposit in bank.
We NRIs request that the overseas branches (of PSU, private banks) be allowed to collect the rupees & deposit it into the NRO or NRE account.
The overseas Brs are controleld by the Authority there, so the role they play is not of money changer, but a POSTMAN, to transfer the cash to India to their headoffice who will credit the cash to the respective account holders.
If they cannot give proof of NRE transaction then deposit into NRO account.
Place a limit of say rs25,000 per person and must have a NRE/NRO account.
It is thus safe & no black money gets transferred. more