New Delhi: State Bank of India (SBI) has issued a circular stating that Rs 2000 denomination notes can be exchanged without the need for identity proof or requisition slip. The clarification comes in response to rumors and misinformation circulating on social media regarding the exchange process.
“…it has been decided that all members of the public shall be permitted to avail the facility of exchange of bank notes in the denomination of Rs.2000 without any demand slip to the extent of Rs.20,000 at a time… any identity proof No need to furnish the renderer at the time of exchange,” the SBI circular said.
The Reserve Bank of India (RBI) has announced the withdrawal of Rs 2000 notes from circulation with immediate effect. Banks have been directed to exchange and deposit Rs 2000 notes with other legal tender from May 23, 2023. The exchange facility will be available at 19 RBI Regional Offices (ROs) across India.
However, it is to be noted that Rs 2000 notes will continue to be legal tender. Banks have been directed to provide facility for deposit and/or exchange of Rs 2000 notes by September 30, 2023, to give sufficient time to the public to complete the process.
Individuals can exchange Rs 2000 notes for other denominations to a limit of Rs 20,000 at a time from May 23, 2023. legal tender.
RBI introduces Rs 2000 note after denomination
The Rs 500 and Rs 1000 notes were banned by the central government on September 8, 2016, in an effort to tackle black money. After this, new notes of Rs 500 and Rs 2000 were introduced.