Dubai - The announcement comes after the Indian government removed Rs 500 and Rs 1,000 notes from circulation.
"Government of India on November 8, 2016, announced the cancellation of legal character of old series Indian bank notes of Rs500 and Rs1,000 denomination. In view of this Embassy of India, Abu Dhabi, advises all travelers to India to carry with them valid and sufficiently funded International credit/debit cards," the embassy statement said.
Earlier this month, the UAE Embassy in New Delhi called on Emirati citizens visiting or residing in India to ensure that a receipt was given when exchanging currency, following the Indian government's decision to withdraw the old Rs 500 and Rs 1,000 notes.
According to a statement released by the Indian Ministry of Finance, this step was taken to curb financing of terrorism through the proceeds of fake notes and use of such funds for subversive activities such as smuggling of espionage arms, drugs and other contrabands into India and for eliminating black money from the system. High denomination notes are known to facilitate generation of black money.
The total number of bank notes in circulation rose by 40 per cent between 2011 and 2016. The increase in the number of notes of Rs 500 denomination and Rs 1,000 denomination rose by 76 per cent and 109 per cent, respectively, during this period.
The new series bank notes of Rs 500 and Rs 2000 were introduced for circulation from November 10, 2016.