EXCHANGE OF OLD CURRENCIES

[DR.MARIAPPAN GOVINDARAJAN]

Suppose a person is in employment in a foreign country and having the currency of ₹ 500/- and ₹ 1000/- in the old format and he could not come to India and change them within the time stipulated. How can he exchange the old notes.

AI Summary

Currency Exchange Deadline Extension Possible for Genuine Cases, Similar to Aadhar Card Registration Extension A user inquired about exchanging old 500 and 1000 notes while being employed abroad and unable to return to India within the stipulated time. The first response suggested that, like the extension for Aadhar card registration, there might be provisions for extending the currency exchange deadline for genuine cases. It was mentioned that some banks might be instructed to accept old notes and issue new denominations. The second response questioned why someone would carry Indian currency abroad, suggesting they should convert it to foreign currency before traveling.