If you are a Non-Resident Indian (NRI) and have currency of Rs 500 and Rs 1,000 you can deposit them in your NRO account. There is no limit on how much you can deposit. The same rules will apply to these accounts as the regular savings bank accounts.
Just days after the “surgical strike&" on Pakistan and days before the government announced its demonetisation move urging Indians to shift to a cashless economy run on internet and plastic cards, India reported its biggest internet banking
Most middle-class households hold a few thousand rupees in cash at any point of time for a variety of purposes such as travel, medical emergencies, etc. The recent demonetisation of Rs 500 and Rs 1,000 notes has caught them unawares.