Saturday, December 3, 2016

NRIs have finally started sending Rs 500/1000 Notes in Flights with Colleges/Friends due to Demontization

After waiting for almost a month for a better alternative to exchange old Rs 500 and Rs 1000 notes overseas after the announcement of demonetization of Rs 1000 and Rs 500 notes on 8th November 2016, NRIs seems to start accepting their fate and started sending cash with friends and colleagues traveling to India before 30th December.

Wednesday, November 30, 2016

Can NRIs send Indian currency to India through Fedex or DTDC Courier?

One of the most frequently asked question among NRI community post the historic announcement of demonetization of Rs 500 and Rs 1000 notes in India is whether NRIs can send the Indian currency to India using FedEx, DTDC or DHL express or not. The answer is No, NRIs cannot send money e.g. bank notes, currency notes, coins and traveler's cheques via international shipment e.g. DHL Express, DTDC, FedEx or any other means to India.

Sunday, November 27, 2016

7 Points NRI should remember while depositing/exchanging old Rs 500 and Rs 1000 Notes

If you are like many NRIs which keeps some amount of cash from 2K to 25K in denomination of Rs 500 and Rs 1000 notes which are now banned in India and thinking to either exchange them for new notes or deposit in their bank account, so that you can withdraw them later using ATM, then this post is a must read for you. In this article, I am going to share 7 important points every NRI should know and remember who is thinking of exchanging or depositing old Rs 1000 and Rs 500 notes.