Saturday, December 20, 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

    Hit And Run: Surrey RCMP Looking For Vehicle Involved

    Hit And Run: Surrey RCMP Looking For Vehicle Involved
    Surrey RCMP are looking for a vehicle that was involved in a fatal hit and run at 12600-block of King George Boulevard on Dec. 5.

    Hit And Run: Surrey RCMP Looking For Vehicle Involved

    Toddler East Of Toronto Dies After Swallowing Pill At Relatives' Home: Police

    Toddler East Of Toronto Dies After Swallowing Pill At Relatives' Home: Police
      The incident took place on Nov. 19 after a Whitby, Ont., family visited relatives.

    Toddler East Of Toronto Dies After Swallowing Pill At Relatives' Home: Police

    City of Surrey and Surrey RCMP launch City Centre Response Plan

    City of Surrey and Surrey RCMP launch City Centre Response Plan
    The creation of the Surrey Outreach Team will provide for an enhanced outreach and presence in the 135A Street area.

    City of Surrey and Surrey RCMP launch City Centre Response Plan

    Montreal Doctor Under Investigation Commits Suicide In Hospital: Reports

    Montreal Doctor Under Investigation Commits Suicide In Hospital: Reports
    Montreal police are saying an employee of the Sainte-Justine children's hospital has committed suicide.

    Montreal Doctor Under Investigation Commits Suicide In Hospital: Reports

    Father Of Woman Charged In Son's Death Called As Character Witness At Her Trial

    Father Of Woman Charged In Son's Death Called As Character Witness At Her Trial
    Don Lovett, a communications consultant, was one of a number of character witnesses called by the defence at Tamara Lovett's trial.

    Father Of Woman Charged In Son's Death Called As Character Witness At Her Trial

    Warrant Issued For Mother Of Ontario Girl Who Was Subject Of Amber Alert

    Niagara regional police say Layla Sabry and her mother Allana Haist were last seen on Thursday evening in Welland, Ont.

    Warrant Issued For Mother Of Ontario Girl Who Was Subject Of Amber Alert