RBI’s limited period window for exchange of old notes ends

The Reserve Bank of India, on Friday, reportedly ended the deadline given to Indians, who were living abroad during the demonetization announcement, for the exchange of scrapped Rs 500 and Rs 1,000 banknotes. According to reports, the non-resident Indians, however, can exchange the old notes until June 30. Notably, the exchange limit for the NRIs has been capped at Rs 25,000 per individual.

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