PIOs, NRIs feel heat of note ban; wait in RBI queues

NEW DELHI
12 Jan 2017

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. (PTI)