RBI refuses to allow deposit of demonetised notes: SC to hear plea on March 10

March 06, 2017 13:34

SC notice to Centre, RBI, on plea alleging that people are not being allowed to deposit demonetised currency notes till March 31, 2017 as promised. SC fixes the petitions on demonetisation for further hearing on March 10.

The RBI conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till December 30, 2015, the last day for depositing the invalid currency notes in banks are:

1. Resident Indian citizens who were abroad from November 9 to December 30 can avail this facility up to March 31, 2017.

2. NRI citizens, who were abroad during this period, can exchange their defunct notes up to June 30, 2017.

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