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No form or identity proof required for exchanges of Rs 2,000 notes

by TLAteam May 21, 2023May 21, 2023
written by TLAteam May 21, 2023May 21, 2023
No form or identity proof required for exchanges of Rs 2,000 notes

No form or identity proof required for exchanges of Rs 2,000 notesState Bank of India (SBI) has clarified that the facility of exchange of Rs 2,000 denomination bank notes upto a limit of Rs 20,000 at a time will be allowed without obtaining any requisition slip.

Business News

The Reserve Bank on Friday announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks.

SBI said that no identity proof is required to be submitted by the tenderer at the time of exchange.

The bank’s clarification came after rumours and misinformation surfaced on social media asking customers to submit a form along with identity documents.

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