What can NRIs do with old Rs 500, Rs 1,000 notes? Here are some solutions

[email protected] (CD Network)
November 10, 2016

The government of India's move to move to demonetize Rs 500 and Rs 1,000 notes all of a sudden has caused panic among some non-resident Indians (NRIs).

Cashexchange
As per the clarification issued by the Reserve Bank of India, the recourse for an NRI is to deposit the notes to his non-resident ordinary rupee (NRO) account. But, if you have only non-resident external (NRE) account, then you have to find out some other options.

Here are some solutions for the NRIs who have flown out of India with 500 and Rs 1,000 notes or kept them in India:

1) If you are travelling back to India within the 72 hours of notification, you can exchange the old notes at Indian Airports. (Note: You can carry currency notes up to Rs 25,000 without declaring while flying back to India)

2) If you are travelling before December 30, 2016, you will be able to deposit these into banks or post offices.

3) If you are travelling by March 31, 2017, then you can exchange them at RBI offices. NRIs can submit passport and visa/residence card to prove that you were abroad during this period. (After 31 March 2017, the Rs 500, Rs 1,000 notes in your possession will automatically be useless pieces of paper)

4) You can exchange the notes at any Indian bank in your country of residence by December 30.

5) You can deposit the old notes into your Non-Resident Ordinary (NRO) Savings Account. However this is only an option if you are in India or travelling to India before December 30.

6) If you have old notes in India, you also can authorise in writing enabling another person in India to deposit the notes into your bank account. The authorised person has to go to the bank branch before December 30 with the old banknotes, the authority letter given by you and a valid identity proof.

7) You can also send old notes to India with trustworthy people along with authority letter so that they can exchange them in the banks.

Comments

AS
 - 
Thursday, 24 Nov 2016

Hi,

Regarding your point 4) You can exchange the notes at any Indian bank in your country of residence by December 30.

I would like to know from where did you note this ? Please can you post some authorized reference link like RBI web site or some government site?

Thanks.

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coastaldigest.com news network
December 20,2025

Mangaluru, Dec 20: City Police Commissioner Sudheer Kumar Reddy has issued a high-alert warning to vehicle owners regarding a surge in cyber fraud targeting those looking to pay traffic violation fines. Fraudsters are reportedly exploiting recent government discount schemes on traffic penalties to deceive citizens.

The Scam: How Fraudsters Strike

Criminals are using SMS, WhatsApp, and social media to circulate suspicious links and APK files (Android application packages). They claim these apps allow users to pay e-challans at a discount.

•    Device Hacking: Downloading these unauthorized apps gives hackers full access to the victim's smartphone.

•    Financial Theft: Once the phone is compromised, fraudsters intercept OTPs and personal data to drain bank accounts.

•    Phishing Sites: Fake websites mimicking official portals are also being used to harvest banking credentials.

Already, two residents within Mangaluru city limits have reported significant financial losses after falling victim to these fraudulent apps.

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News Network
December 16,2025

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Melkar (Bantwal): The 9th Annual Day celebration of SMR Public School, titled “EXCELLENTIA”, was held on December 15 with great enthusiasm and dignity, marking a significant milestone in the institution’s journey towards academic excellence and holistic development.

The programme was inaugurated by Dr. U. T. Iftikar Ali. The chief guests were Dr. Akhtar Hussain, Mr. P. Moosabba Beary, Mr. Zakaria Jokattre, and Dr. T. M. Abdul Rahuf—whose inspiring addresses motivated the students and appreciated the school’s contributions to education.

Mr. Abdul Nasir, Mr. Ibrahim Gadiyar, Mr. Razak Golthamajal, Mr. Sali Koya, Mr. Arshad Hussain, Mr. Ismail Balanoor, Mr. Feroz Bawa, Mr. Sahul Hameed, Mr. Abubakkar, Mr. Hameed K. Mani, Mr. Abdul Majeed (Principal, Melkar Women’s College), and Mr. Abdul Lathief (Former Principal, Melkar Women’s College) were the guests of honour.

The Annual Report was presented by the Headmistress, Ms. Fathimathul Zaheera, highlighting the school’s achievements and progress during the academic year. The Presidential Address was delivered by the Chairman of SMR Public School, Dr. Haji S. M. Rasheed, who emphasised the vital role of education in shaping students’ futures and stressed the importance of discipline, dedication, and consistent effort in achieving 100 per cent academic results.

Secretary of SMR Public School, Mr. Rifath Ahmed, and PTA President, Mr. Sandeep Kumar, were also present on the occasion.

The Annual Day celebration showcased the collective efforts of students and teachers and reaffirmed the school’s commitment to quality education and all-round development. The programme concluded with a vote of thanks, expressing gratitude to all dignitaries, parents, and well-wishers for their support. The 9th Annual Day—EXCELLENTIA—was a memorable and successful event, leaving a lasting impression on everyone present. 

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News Network
December 7,2025

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Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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