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The Reserve Bank of India said on Saturday, the Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017.

However, Indian citizens in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility.

“Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility up to March 31, 2017 and Non Resident Indian citizens who were abroad during November 9, 2016 to December 30, 2016 can avail this facility upto June 30, 2017,” the RBI said in a notification after Prime minister’s speech.

“While there is no monetary limit for exchange for the eligible resident Indians, the limit for NRIs will be as per the relevant FEMA Regulations (Rs 25,000 per person),” it said. 

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