- Policybazaar system vulnerabilities exposed customers' personal details, says this report
- Government removes cap on airfares with effect from 31 August
- Samsung Galaxy Z Fold 4, Galaxy Z Flip 4, Watch 5 series, Buds 2 Pro revealed - price, India availability, specs and more
- Maruti Suzuki Alto K10 2022 bookings open; Check token amount and how to book online
- DSP Silver ETF – 5 things to know about this NFO from minimum investment amount to issue closing date
Foreigners can change forex for Indian currency up to Rs 5,000 till Dec 15: RBI
Foreign citizens can exchange foreign currency for Indian notes up to a limit of Rs 5,000 per week till December 15, the Reserve Bank of India (RBI) said on Friday.
While exchanging the notes, the foreign passport holder will have to submit a self-declaration that the facility has not been availed of during the week.
"... It has been decided that foreign citizens (foreign passport holders) can exchange foreign exchange for Indian currency notes up to a limit of Rs 5,000 per week till December 15, 2016...," the central bank said in a notification.
Following cancellation of legal tender character of old Rs 500 and Rs 1,000 notes, the government and RBI had announced a host of steps to help people deal with the cash problem.
Holders of such currency were given options to either exchange the notes or deposit in their bank accounts.
Certain exemptions have also been given where the invalid notes could be used for transactions.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.