We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Indian rupee notes cancelled.
Voyager2002
Posts: 16,349 Forumite
Just a heads-up for anyone planning a trip to India and thinking of buying currency in advance: the high-value notes (Rs500 and Rs1,000) have been cancelled, so if you buy any of these you will not be able to spend them there.
More generally: the banks will be exchanging these notes for people, and so will be even more busy than usual. Visitors should ensure that they can get currency from ATMs, since the hassle involved in changing money in banks will be even greater than usual.
More generally: the banks will be exchanging these notes for people, and so will be even more busy than usual. Visitors should ensure that they can get currency from ATMs, since the hassle involved in changing money in banks will be even greater than usual.
0
Comments
-
I'm off there at the end of the month for 3 weeks,will be using the atm's anyway.
Cheers anyway.0 -
Indian notes have been a prohibited currency for many years ie you buy them at your own risk outside of India.0
-
Check out the threads on the Goa board on Tripadvisor.
Apparently, there will be a limit on how much you can draw from ATMs.
From a TA post:from the 11th to 18 th Nov there will be a limit of just 2000 a day, then from 19 th onwards it's 4000 a day. Atms at RBI banks will be free to use upto 30 th Dec.0 -
I have around 18,000Rs from my recent holiday to India (I go frequently hence the excess back up cash) but now I have no idea what I should do. So ridiculous! I don't know anyone going before December and none of the banks / post office are taking the money.0
-
Try the State Bank of India UK:I have around 18,000Rs from my recent holiday to India (I go frequently hence the excess back up cash) but now I have no idea what I should do. So ridiculous! I don't know anyone going before December and none of the banks / post office are taking the money.
https://www.sbiuk.com/footer/top-footer/contact-usEvolution, not revolution0 -
I think you need proof of changing the money from sterling to rupees to be able to change the now obsolete 500 & 1000 rupee notes at the bank.
As I said earlier, check out the threads on the Goa TA board.
People queuing for hours, restaurants rounding the bills up to the nearest 500 rupee to conserve their change, change places offereing 80+ rps to £ if you take the old notes but only 40+ if you want 100 rp notes.
al266 - you may have to kiss goodbye to your 18k rps if they are the old 500 & 1000 notes.0 -
Barclays bank were exchanging the 500 and 1000 notes for pounds earlier this week. However, I called customer services today and they have informed me that they have currently stopped accepting them. The representative explained that they are currently "in discussions", and may start accepting them in 1-2 weeks time...0
-
We have 40k, going in Dec so will be banking them straight.0
-
Imagine the UK cancelling £5 and £10 notes, to disrupt the black market.
Does anyone know what the UK equivalent of these notes would be in cost of living terms? I'm just interested and can't face trawling the net.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
Imagine the UK cancelling £5 and £10 notes, to disrupt the black market.
Does anyone know what the UK equivalent of these notes would be in cost of living terms? I'm just interested and can't face trawling the net.
Not quite the same here but there have been rumours that the £50 note could go and of course the 500 euro note is of no use to anybody in UK.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards