Q859. Note ban – British citizen going to India – Where to deposit or exchange banned

Question: Dear sir Please guide me. i am travelling to India in march. i do have small amount of ban notes for indian trip. my passport is British. not OCI or PIO card. Please guide me currency rules to deposit NRO account or exchange at RBI. sadly RBI Bangalore is not listed?. kind regards Dr Pravin Kalaiya London UK

Answer: Even if RBI Bangalore was listed it would be of no use to you as you are a British citizen. NRIs can deposit any banned currency they hold with RBI until June 30, 2017 at RBI centers in Mumbai, New Delhi, Chennai, Kolkata, and Nagpur. However, OCIs, PIOs and Foreign citizens are not allowed any facility to deposit or exchange any banned Indian currency notes they may hold. For more information see my post OCI, PIO & Foreigners holding banned currency now worthless >>>