May 22, 2023: State Bank of India (SBI) on May 20, 2023, said the customers could exchange their Rs 2,000 notes at its branches without obtaining any requisition slip. No identity proof like Aadhaar is required either at the time of exchanging of notes, India’s largest public lender clarified.
Customers can exchange up to 10 notes of the denomination i.e. Rs 20,0000 at a time.
“The facility of exchange of Rs 2,000 notes to all members of the public up to a limit of Rs 20,000 at a time will be allowed without obtaining any requisition slip. No identity proof is required to be submitted by the tenderer at the time of exchange,” the bank said.
What is a requisition/request slip?
A requisition/request slip is used to make a formal request for an item or service.
Rs 2,000 note ban
The Reserve Bank of India on May 19, 2023, said it was withdrawing Rs 2,000 currency notes from circulation, giving users time till September 30 this year to get these notes either exchanged or deposited in a customer’s bank account. The window to deposit/exchange the notes starts on May 23, 2023. Till September 30 this year, the Rs 2,000 notes will be valid. These can be used for all transactions, the RBI has clarified.
See also: RBI bans Rs 2,000 notes. What to do with them now?
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An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
sunita.mishra@proptiger.com
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