| > This is a blatant lie. RBI allows you (a.k.a NRIs only) to deposit this money till 31st of March 2017 in it's branches. Previously, we could simply exchange Indian currency to any other currency abroad. But now there is no way for us to exchange money in US. My whole family will have to go to India to exchange money, one person can only carry a maximum of Rs. 25,000. So six members of my family would have to take time off from work and go to India to exchange 1.5 lakh Rupees. Moreover, it would cost us around Rs. 6 lakhs to make a trip to India. > This rule was made to ensure that if/when you return to India you have enough INR for lodging/transportation/flight expenses etc. You don't need INR to transact outside India anyways so this whole thing of having a "significant amount of Indian currency in US" is suspicious to me. We have a big family in US, and almost everyone have 20-25k INR for travel expenses. That makes a total of 1.5L in my household. All my NRI friends and relatives are suffering this loss. > I would have believed this story if it wasn't prefixed with your excuse to not be able to deposit your INR stash just because you are an NRI. This whole thing sounds really fishy to me. I just busted your propaganda of NRI's allowed to exchange money, but you ignore the fact that you would have to travel to India and spend over 1 lakh per person to exchange money. Clearly, you have neither have experience exchanging money has a NRI nor running a local cash business. Yet, you accuse others of lying. From your post history, you sound like a BJP propagandist. |