No identity proof needed to exchange ₹2,000 notes: SBI
The Hindu
The State Bank of India on May 21 clarified that the facility of exchange of ₹2,000 denomination bank notes up to a limit of ₹20,000 at a time will be allowed without obtaining any requisition slip. Further, no identity proof is required to be submitted at the time of exchange.
The State Bank of India on May 21 clarified that the facility of exchange of ₹2,000 denomination bank notes up to a limit of ₹20,000 at a time will be allowed without obtaining any requisition slip. Further, no identity proof is required to be submitted at the time of exchange, according to a statement issued by the bank.
The Reserve Bank of India has announced the withdrawal of ₹2,000 currency notes from circulation. The bank said existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.
The banknotes in ₹2,000 denomination will continue to be a legal tender, the RBI had said in a statement.
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In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, the RBI said exchange of ₹2,000 bank notes into banknotes of other denominations can be made up to a limit of ₹20,000 at a time at any bank starting from May 23, 2023.
The RBI has advised banks to stop issuing ₹2,000 denomination banknotes with immediate effect.
Besides, the facility for the exchange of ₹2,000 bank notes up to the limit of ₹20,000 at a time will be provided at the 19 Regional Offices (ROs) of the RBI having issue departments from May 23.
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