With the delegalisation as tender of Indian currency notes of ₹1,000 and ₹500, this Embassy has been receiving several enquiries from members of the Indian community in Poland and Lithuania on the matter of exchanging these demonetized notes by the Government of India.
2. The Embassy would like to reiterate the following guidelines which have been made public by RBI and other authorities:
- You may deposit any amount into your Bank Account in India by 30 December, 2016 or in specified RBI offices by 31 March 2017.
- In case you don’t have any account in India, you may get currency notes exchanged and deposited into the account of a relative or a friend, provided the account holder can give the permission in writing. While exchanging, you would need to furnish the evidence of permission given by the account holder and your valid identity proof may be provided to the bank.
- In case you cannot visit your bank in India personally, you may send a representative with a written authorization. The representative should produce the authority letter and his/her identity proof while tendering the notes for exchange at a bank.
- In case you have bank notes in India, you may authorise, in writing, another person in India to deposit the notes into your bank account. The person so authorised has to come to the bank branch with the bank notes, the authority letter and a valid identity proof.
- The specified bank notes can also be deposited into an NRO account.
3. Further, an inter-ministerial committee is currently looking into the issues raised by NRIs with currency abroad, as also the cases of foreign visitors and tourists. Their advice and recommendations will be shared as soon as these are available to us.
For updated information on this issue, please see the FAQs on the RBI website which are updated regularly.
***
