The State Bank of India (SBI) on Saturday knowledgeable all its branches that no kind and no id proof have been required to change Rs 2,000 notes, which the RBI pulled out from circulation with quick impact.
In a May 20 round, the financial institution said, “the facility of Rs exchange of Rs 2,000 to all members of the public upto a limit of Rs 20,000 at a time will be allowed without obtaining any requisition slip.”
The Reserve Bank of India on Friday introduced that it’ll withdraw the circulation of Rs 2,000 foreign money notes however stated that the notes will proceed to stay a authorized tender. However, there isn’t any want to panic because the RBI has stated that residents can deposit Rs 2,000 notes in banks or change them with different foreign money denominations by September 30, 2023.
The change of Rs 2,000 notes into financial institution notes of different denominations might be made upto a restrict of Rs 20,000 at a time at any financial institution ranging from May 23, 2023, the RBI stated.
All banks shall present deposit and/or change amenities for Rs 2000 banknotes till September 30, 2023, the reserve financial institution stated.
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More particulars awaited…
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