Monday, December 22, 2025
ADVT 
National

NRIs, Others Feel Heat Of Demonetisation; Wait In RBI Queues

Darpan News Desk, 12 Jan, 2017 12:19 PM
    Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents.
     
    After residents, NRIs and People of India Origin (PIO) are now braving long queues to exchange the old Rs 500/1000 notes at 5 designated RBI branches across the country but because of stringent conditions several of them have had to return disappointed. 
     
    Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents. 
     
    Many NRIs complained that they are not allowed to speak to officials who could at least listen to their grievances. 
     
    "Though I have foreign passport, I still have roots in India. Our family comes to India every year. We have few Indian currency notes and we want to exchange them but we are not allowed to enter RBI. Mr Prime Minister are we supposed to burn Indian currency that we have?," said Ritu Diwan, an agitated US national. 
     
    This unnecessary harassment simply indicates that PIOs are no more welcome to the country of their birth, she added. 
     
    Dharamveer, another US national, said PIOs generally keep some amount of Indian currency as they frequently visit India because there is no point in paying commission on exchange of currency on each visit. 
     
     
    "Any PIO who regularly visits India would easily have Rs 50,000 to Rs 1 lakh worth of Indian currency and I challenge the government to prove this as black money and forfeit this from us", he said, adding that "this money, we don't spent in the country where we live but country of our origin". 
     
    "It is by chance that we are here at this time and wanted to exchange few currency but we are not allowed to do so. It is very frustrating," he added. 
     
    Many PIOs who were turned away protested that they don't have crores of rupees but only few thousands which the administration should exchange. 
     
    Frustrated at the "high-handedness of RBI" and the "government policy", there are reports of NRIs throwing defunct Indian currency at the gate of RBI as a mark of protest. 
     
    Besides PIOs, many Indian who failed to deposit junked currency notes during the 50-day demonetisation period are also being turned away after standing in the queue for hours. 
     
    Disappointed at the flip-flop of the government on the issue, Ram Kumar said Prime Minister in his November 8 address had said that people would have time till March 31 to exchange their old notes at the RBI. 
     
     
    Hoping against hope some are coming repeatedly thinking that if they were lucky they would be allowed by the security guards to enter RBI office for exchange of scrapped currency notes.

    MORE National ARTICLES

    Fire Guts Historic Montreal Building That Hosted Country's First Movie Theatre

    Fire Guts Historic Montreal Building That Hosted Country's First Movie Theatre
    MONTREAL — Firefighters are battling a massive blaze in a historic Montreal building that once hosted Canada's first movie theatre.

    Fire Guts Historic Montreal Building That Hosted Country's First Movie Theatre

    Regina Police Find Stolen Vehicle And Baby That Was Inside

    Regina Police Find Stolen Vehicle And Baby That Was Inside
    REGINA — Police in Regina say they have found a vehicle that was stolen with a baby inside

    Regina Police Find Stolen Vehicle And Baby That Was Inside

    Smart, Tough, Friendly: Geographic Society Bids Gray Jay As National Bird, People React!

    Smart, Tough, Friendly: Geographic Society Bids Gray Jay As National Bird, People React!
    The gray jay, also known as the whiskey jack, was announced Wednesday evening as the winner of the society's laborious two-year search for a fitting avian Canadian representative.

    Smart, Tough, Friendly: Geographic Society Bids Gray Jay As National Bird, People React!

    Atwood, Boyden Face Backlash Over Letter To UBC Over Steven Galloway Firing

    Atwood, Boyden Face Backlash Over Letter To UBC Over Steven Galloway Firing
    VANCOUVER — A rift in Canada's literary community has deepened after dozens of prominent authors called for an independent investigation into the University of British Columbia's firing of Steven Galloway.

    Atwood, Boyden Face Backlash Over Letter To UBC Over Steven Galloway Firing

    Gordon Stuckless Charged With Sexually Assaulting 3 Boys 30 Years Ago

    The man at the heart of the Maple Leaf Gardens sex abuse scandal was charged Wednesday with three new counts of sexual assault. 

    Gordon Stuckless Charged With Sexually Assaulting 3 Boys 30 Years Ago

    Illicit Drug Overdose Deaths Climbing In B.C. Despite Official Efforts

    Illicit Drug Overdose Deaths Climbing In B.C. Despite Official Efforts
     BC Coroners Service released figures Wednesday showing there were 622 fatal overdoses from illicit drugs between January and October compared with 397 during the same period last year.

    Illicit Drug Overdose Deaths Climbing In B.C. Despite Official Efforts