Allow OCI / PIO to exchange Indian Rupees

As an OCI, I cannot change demonitised Indian currency! It was publicised we could change it until 31st March and now the rules have changed. It is not fair and my hard earned money is useless.

We have indian currency but as we have the OCI card, we were not able to exchange our currency during our visit to India in Feb 2017. I would appreciate if Indian government looks into the matter urgently. thank you.

DO NOT UNDERSTAND THE EXCLUSION. WAS REFUSED BY NAGPUR RBI ON THE 13TH OF FEBRUARY.

We are OCI and keep some emergency rupee notes. It should be exchanged.

Treat us like NRI as promised in OCI in this matter

My parents live in India, I travel every year.

Despite knowing, Indian with foreign passport has the biggest contribution to Indian economy. We are the one brought business back home, outsourcing, and we are the one get most penalized for Growth of India. Los Angeles, US.

This step motherly treament of OCI card holders vis a vis NRI is unfair and unwarranted

I agree with this. An earlier RBI directive officially permitted non-citizens including OCI to take Rs. 25,000 outside the country. OCI and also other non-citizens must be allowed to encash at least that much per person when they visit India next or credibility of RBI is at stake.

I strongly support this petition

I am OCI holder and Travelled with family in Aug 2016 to Punjab. I have around 37,000 INR which we kept for expenses to and from Delhi.

Very unfair

i am OCI and have rupees left over from my last trip to india. i always bring back some money for taxi and food and shopping in amritsar. i am going to india soon and wanted to exchange or deposit this unused rupees but have been told this facility is not available for me as i hold OCI this is unfair and the provision must be changed. we thought being OCI was to help and protect us as we indians living in the UK. why are we not being treated the same as NRI.. Mr Modi needs to look into this matter and extend the deadline and make provisions for us.

i travelled to india in October 2016 for 2 weeks to take my mother in laws ashes, we took money out of our SBI account and were not able to deposit the rupees left over as the bank was closed for works. we bought the rupee back to the uk with us and are going to india next week but told as we are OCI card holders we cannot exchange or deposit the rupees, this is unfair and RBI must make provision for OCI.

I am in the same situation of not being able to exchange my unused bills

This information is for NRI (Non Resident Indians) and not for OCI (Overseas Citizens of India) or PIO (People of Indian Origin) card holders. The RBI notification clearly states this. We need to push Govt. of India for policy and provision to make for OCi and Pio card holders foreign citizens. Thanking you.

Sir, I am OCI holder, please allow same facilities as available to NRIs.

(155 kb) Date : Dec 31, 2016 RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNs The Reserve Bank of India has introduced a facility of exchange of specified bank notes (SBNs) to give an opportunity to Indian citizens and non resident Indian (NRI) citizens who were abroad during November 9, 2016 to December 30, 2016. Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto March 31, 2017 and Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017. While there is no monetary limit for exchange for the eligible Resident Indians, the limit for NRIs will be as per the relevant FEMA Regulations. They can avail this facility in their individual capacity once during the period on submission of ID documents, such as, Aadhaar number, Permanent Account Number (PAN) etc, and on submission of documentary evidence showing they were abroad during the period and, that they have not availed the exchange facility earlier, Customs certificate about import of SBNs by NRIs etc. No third party tender will be accepted under the facility. On fulfilment of the terms and conditions and the genuineness of the notes tendered, admissible amount will be credited to the tenderer’s KYC compliant bank account. The facility will remain open for residents from January 2, 2017 to March 31, 2017 and for NRIs from January 2, 2017 to June 30, 2017. This facility will be available through Reserve Bank offices at Mumbai, New Delhi, Chennai, Kolkata, and Nagpur. Indian citizens resident in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility. Any person, aggrieved by the decision of the Reserve Bank may prefer an appeal to the Central Board of the Reserve Bank within fourteen days of the communication of such refusal to him. Such representations may be addressed to the Central Board, Reserve Bank of India, Secretary’s De

For that matter, why should anyone holding few thousands due to oversight or any other reason suffer, we are indian citizens right ? . PM said deadline till march, then changed it overnight, even if you have all rights to deposit , the money should be dep in RBI at designated cities , why not any SBI counter ... it looks like we have sinned by holding our own currency , my uncle has around 30k in old notes , now the ordinance says its a crime and he can be fined :-( poor man is aged around 80 and has nighmares with his hard earned money staring back at him

Yes seems the Indian govt does not care about our money which is legal. The deadlines don't work and there should be some sort of provision for OCI