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Clarification on exchanging old notes


23-Mar-2023 (In Banking / Finance Law)
Our Grand pa expired recently & he left 10,500 in room without noticing anybody. Can we exchange this amount in RBI?
Answers (1)

Answer #1
609 votes
No, you cannot exchange, however what was the reason for inability to exchange such money to be established by making affidavit. Successions certificate also required. I think its not possible with short allowable time, I.e 31st march

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