Reserve Bank Of India [RBI] — Refusal by the reserve bank of to exchange of old rs 500 and rs 1000 notes.

Address:Mumbai City, Maharashtra, 400 001
Website:Reserve Bank of India

With regards to your letter dated 11th april 2017, i hereby appeal to reconsider your decession to reject my application submitted on 13/01/2017 ref, no. 13.01, 17/289
The submitted currency was officially drawn out of my nre savings account with hsbc, for which i have atm receipts as evidence.
I am awaiting delivery of my pan card.
I will forward you as soon as i receive it!
I am a 68 years old retired ex civil servant and the rs. 23, 000 are part of my hard earned money and pension income.
I therefore appeal to you o credit my nro account, which i will be opening upon receipt of my pan card.
If i do not get a favourable satisfactory response to my appeal, i shall have no option other than to submit my appeal to the finance minister and prime minister mr modi for their consideration!
If for any invalid reason my appeal is rejected, i would like to know what happens to the funds submitted by nri's and nre account holders.
In my view it appears the funds were accepted by yourselves under false pretences, and i shall be complaining further to international monetary fund.
Also i shall be holding a petition in protest and publicise in all social medias.
Furthermore i shal along with my other family members and relations will pull out all our investments from india.

I look forward to hear from you soon with a favourable reply.
For your information please see below statement published by your self in january!

Mumbai, jan 1:
The reserve bank of india has introduced a facility for exchange of the scrapped high value rs. 500 and rs. 1000 bank notes to give an opportunity to indian citizens and non resident indians (Nris) 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 themselves of this facility up to march 31, 2017 and nris who were abroad during november 9, 2016 to december 30, 2016 can avail themselves of 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 (Foreign exchange management act) regulations, the rbi said.

Resident indians and nris can avail themselves of this exchange facility in their individual capacity once during the period on submission of id documents, such as aadhaar number and permanent account number (Pan), and on submission of documentary evidence showing they were abroad during the period and, that they have not availed themselves of the exchange facility earlier.

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 themselves of this facility.
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