Exchange of Old currencies Rs.500 and Rs.1000/-
My wife remitted the old currencies to RBI New Delhi in the month of Jan.2017 on return from USA. How much time it will take to get the amount credited to bank account which was given in the forms while remitted the old currencies to RBI.Please guide. more
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The money should have been deposited in person along with the supporting documents (Passport showing the departure and arrival from/to India, Custom Declaration Form (for NRIs only), copy of PAN Card, statement of bank accounts giving details of transactions in November and December 2016). You have mentioned that the money was remitted to RBI - there is no provision for this and the money should have been deposited in person. Further, subject to all documents being in order, the bank in which the money is to be transferred has to confirm that the account is KYC compliant. Many refunds have not been processed as the banks are not responding to RBI. Others like Mr Sivakumar Ayyadurai who have not yet received their money should check with their banks whether the information has been sent to RBI or not. more
Jun 15
Mr.Aditya Kishwar, I did all the things as well as bank account details,PAN Card,Passport copies with stamps leaving India and return to India and other documents required by RBI. I now await for the RBI action in the matter. more
Jun 15
Delay in doing their duties govt removed lot of IAS officials, next step they should move in RBI and banks, their by India is getting clean Day by day like swacha Bharath abhiyan Hope for better times by near future from Modiji more
Jun 15
