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No Requisition Slip, ID Proof required on exchange of Rs 2000 notes; SBI new guidelines

2000 Rupee Note Exchange: A clarification has been issued by the country's largest bank SBI regarding the exchange of 2000 notes. It said that the notes would be exchanged up to the prescribed limit without ID and form filling.

By: Ruchi Upadhyay  Pardaphash Group
Updated:
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No Requisition Slip, ID Proof required on exchange of Rs 2000 notes; SBI new guidelines

New Delhi: A notice has been issued by the State Bank of India regarding the exchange of 2000 notes. It said that there will be no need to fill any form or slip to exchange 10 notes of Rs 2000 or up to Rs 20,000.

This means that you can easily exchange notes without filling any form by visiting any branch of SBI.

In the notice issued by the bank, it has been clearly stated that while exchanging notes of Rs 2,000 up to Rs 20,000, you will not need any kind of ID proof. In such a situation, customers will not be required to carry any kind of ID proof while exchanging notes.

On the evening of May 19, 2023, several announcements were made by the Reserve Bank of India (RBI) to withdraw the Rs 2000 note. It was said by the central bank that even after withdrawing the note, it will remain legal tender. The general public can exchange Rs 2,000 notes on their own from May 23 to September 30.

It has been clearly stated by the RBI that once a person can exchange a maximum of Rs 20,000 or a maximum of 10 notes of Rs 2,000.

RBI has regional offices at 31 places across the country, but Rs 2000 notes are issued at Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi. Can be changed in Delhi, Patna and Thiruvananthapuram. The Reserve Bank of India has advised banks to stop issuing Rs 2000 notes with immediate effect. That is, banks will no longer give new 2000 notes to customers.

The Reserve Bank of India has decided to discontinue the Rs 2000 note under the ‘Clean Note Policy’. Under this policy, RBI will gradually withdraw 2000 notes from the market.

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