Extend time & facilities for Rs 500 and Rs 1000 currency exchange for NRIs
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Respected Sir, Madam and authorities,
I wish to bring to your kind notice that many non-resident Indians are holding old currencies notes of Rs 500 and Rs 1000 since they have not been able to travel to India to exchange the notes. The last date to exchange the old currency notes is 30th June 2017 and it can be done only in 5 RBI offices in big cities like Mumbai, Delhi, Nagpur, Kolkata and Chennai. Extremely limited counters only in India and lack of procedural awareness is the main reason for not been able to exchange the currency notes.
Schools in Canada get over by 30th July and most of us cannot travel to India by 30th June to exchange money. Every non-resident Indian would have 10-20 old currency notes which he/she would have brought from India for convenience while travelling back to the home country. I too have 10 currency notes of Rs 500 which I had earned by working hard like every other Indian. My money may only be Rs 5000, but collectively all NRIs must be holding a huge amount of Indian Rupees which will soon become pieces of paper if the date is not extended and more facilities to exchange are not created.
Many NRIs have become Canadians and they may not have Indian passports, they should also be accommodated. We request our honourable Prime Minister, Minister of external affairs and Governor of RBI to understand our problems and create more solutions for currency exchange.
Please make all our nationalized Banks where we have NRI accounts accept the currency notes and also extend dates for further 6 months.
This petition is on behalf of NRIs all over the world - US, Canada, UK, UAE, Oman, Singapore, Africa, Europe or any corner of the world where our Indian brothers and sisters are holding old Indian currency.
Indian money is Indian wealth, help us SAVE our nation's money. NRI's will surely invest more in India's progress and development if their interest is taken care of by Indian government.
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