Exchanging demonetized Indian Rupee notes in Singapore
India had demonetized old notes of 500 and 1000 denomination back in November. The deadline for depositing old notes in banks was December 30, 2016.
Recently we saw we still have quite a bit of demonetized 500 and 1000 rupees notes. Is it possible to get them exchanged in Singapore?
Best Answer
There are branches of some major Indian banks in Singapore, try going there and talk to the manager/staff about this issue. They might be able to help or give you some information.
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Can I exchange demonetized notes?
You can deposit these notes into your bank accounts or they can be exchanged at bank branches till 30th December 2016. Bank notes of the combined value of Rs 4,000 only can be exchanged. Similar facilities will also be made available at Post Offices.Can Indian currency be exchanged in Singapore?
You can change INR to SGD at Mustafa exchange. There's no problem at Singapore, however, note that Indian government does not permit export of Indian Rupee currency. Indian residents are allowed to carry maximum of Rs 7500 (meant to be used for expenses/ domestic travel upon return to India from the tour abroad).Can I exchange old Indian currency now?
The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks. Get to know the timings of the bank and make sure you reach there ahead of time to avoid long queues.How do I exchange damaged currency notes?
According to the new rules by the RBI, mutilated currency notes can be exchanged by the bank and no one can refuse to exchange. If you have tape pasted or mutilated notes and you are unable to use them, RBI has made rules to replace them. The torn notes are of no use and nor does anyone take them.Why India Banned 86% of its Currency
More answers regarding exchanging demonetized Indian Rupee notes in Singapore
Answer 2
Probably you can't. Anyway , the Indian Government gave relaxation to people who are not in india for that period. If you are on of them, then you can change the money in selected branches of RBI (you have to come to india). But you should provide the passport as a proof that you are not visited here in that period(Nov 8 to Dec 30).
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