TaxTMI 
TaxTMI 
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.
EXCHANGE OF OLD CURRENCIES
14 Nov 2016 
2 Replies 
984 Views Asked by
Exchange of demonetised currency: options for holders abroad include seeking extended arrangements and bank-supported exchanges.
Exchange of demonetised currency by persons abroad raises how holders who missed the domestic exchange window can obtain replacement. The discussion notes that deadline extensions have occurred in analogous administrative contexts and that there are unverified reports some banks may accept old notes for new denominations, while emphasizing these reports are not authoritative. (AI Summary)
Exchange of demonetised currency by persons abroad raises how holders who missed the domestic exchange window can obtain replacement. The discussion notes that deadline extensions have occurred in analogous administrative contexts and that there are unverified reports some banks may accept old notes for new denominations, while emphasizing these reports are not authoritative. (AI Summary)