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Keeping INR 500 and 1000 notes after grace period for memory

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  • Keeping INR 500 and 1000 notes after grace period for memory

    Hello,

    I read about the permission for individuals to have a maximum

    of 10 SBNs(INR 500/1000) beyond the applicable grace period

    from RBI FAQ : https://rbi.org.in/Scripts/FAQView.aspx…

    and also Ordinance 10(India Gazette) : goo.gl/5wJygJ. So, I

    wanted to get a confirmation on that if anyone can give here

    based on your understanding of the statements therein. Also,

    in such a case of holding into maximum of 10 SBNs, do we need

    to still report about the same at the airport when we land in India

    arriving from outside India? Let me know your inputs.

    Cheers.

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