Indian-Origin Woman plea for exchange of Old Demonetised Currency Notes

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Reserve Bank of India. VOA

NEW DELHI, April 26, 2017: The supreme court sought Government’s reaction on the exchange of demonetised currency notes when Sangeeta Pandey, an overseas citizen of India, (OCI) card holder pleaded for justice. She has accused RBI allegedly for its unfair notification that says it was limited to NRIs only.

Chief Justice J S Khehar and Justice D Y Chandrachud have issued a notice to the government and the Reserve Bank of India (RBI) for negotiation of this matter. Sangeeta Pandey was turned down by the bank regarding the exchange of Rs 18,000. She has mentioned her arrival in Delhi from the United Kingdom on January 10 with Rs 18,000 worth of demonetised notes in a file through the advocate Pankaj Bala Verma, mentioned PTI reports.

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In her plea, she has mentioned her arrival in Delhi from the United Kingdom on January 10 with Rs 18,000 worth of demonetised notes.

On being advised a customs officer at IGI airport, she went to RBI to get the currency exchanged but there she got to know that this facility was limited to NRIs only and not been extended to OCI card holders.

“Petitioner went to RBI a few times and waited in a queue until one day a RBI official made an announcement that the facility to exchange the currency was limited to NRIs only and did not include Overseas Citizen of India (OCI) card holders,” said the victim.

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“No satisfactory explanation was given except that the government had decided to take this decision,” she added.

The plea sought to quash RBI’s December 31, 2016 notification as per which facility of exchange was made available to NRIs, who were not in India till December 30, 2016- post November 8, 2016, demonetisation announcement.

As per the RBI direction, NRIs were allowed to exchange currency till June 30.

 – by Pawan Sharma of NewsGram. Twitter: @pawan221b