The governments of Australia have updated their travel advisories for India following the government’s announcement to ban currency notes of Rs 500 and Rs 1,000 denominations.
Typically, foreign tourist arrivals in India in November and December are the highest during the year. Of the more than 8 million foreign tourists who visited India last year, over 1.7 million arrived in November and December, according to data on the tourism ministry’s website.
The latest DFAT advice was issued on November 9, 2016 and the level of advice has not changed since then.
- Indian authorities have announced that all 500 and 1,000 rupee banknotes will be withdrawn from circulation. The banknotes are no longer legal tender and must be exchanged by the end of 2016. There are limits on the exchange of currency at banks and on withdrawals of cash from ATMs. See the Money and valuables section under Safety and security for more information.
Source: http://smartraveller.gov.au/Countries/asia/south/Pages/india.aspx#safety_and_security
As per Economics Times, " Long lines are expected and it may take some time for ATMs to be supplied with smaller denominations and new notes. Banks and ATMs are also running out of cash daily. Do not accept bank notes that have been taken out of circulation. If you find yourself short of funds, seek establishments that will accept your foreign credit card or mobile wallet application (load with a local card only.)”
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