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A comment on India raises withdrawal limit as rupee anger mounts. Parent comment

Re:India raises withdrawal limit as rupee anger mounts by swatkat on Sunday November 13, 2016 @10:21PM (#12947296)
You don't need a bank account to exchange demonetized currency notes.
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Re:India raises withdrawal limit as rupee anger mounts by Manishearth on Monday November 14, 2016 @01:03AM (#12947839)
You need ID, though. See https://news.ycombinator.com/item?id=12947147

You need a bank account for this process to be convenient and easy. Without it you have to exchange in bits and pieces.

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Re:India raises withdrawal limit as rupee anger mounts by danparsonson on Tuesday November 15, 2016 @10:06AM (#12958566)
No, but having a bank account and therefore a payment card a) gives you another means of paying for things besides cash, and b) likely means that you don't have your life savings in the form of now-invalid currency.
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