Either way your fecked if you have over 2.5 Lakhs sitting around in your house LOL
Deposits above Rs 2.5 lakh to face tax and 200 percent penalty in case of income mismatch
Consulate keeping mum? (when you take a break from ur site development)
Some sad collateral damage...
'I haven't eaten all morning': Chaos on the streets as Indians struggle to break Rs 500 notes
@Apjace - they're not known to be responsive to queries from us mere mortals.
There is certainly a market for the big notes if you are willing to take a loss. Some Indian tailors in TST will take the currency and give you HKD - although the exchange rate is not great. But, better than loosing everything if you have no plans to go to India in the next month, and do not want the hassle of trying to change your notes once you are there.
HSBC just told me they are not accepting any Indian currency "at this time". Not sure if any banks here are accepting it.