SBI says people can exchange Rs 2000 notes without filling slip; no ID proof required

SBI Rs 2000 Note Exchange: SBI announced today (May 21) that it would allow customers to exchange Rs 2000 notes up to Rs 20000 without any form or requisition slip. Along with it, people don't need to show their identity proof while exchanging Rs 2000 notes. 

Also Read | Rs 2000 note withdrawn: Where and how can you deposit or exchange your notes? All queries answered

With the ₹2000 denomination bank notes set to be withdrawn from circulation, there are several Myths surrounding it. Through this series, get to know the Facts related to this decision of @RBI.#MythsVsFacts #MythBusters @nsitharaman @finminindia @ianuragthakur @Murugan_MoS… pic.twitter.com/dHjieNtJ3Y

— Ministry of Information and Broadcasting (@MIB_India) May 21, 2023

"In partial modification of instructions contained in Para 4 (B), it has been decided that the facility of exchange of Rs.2000/- denomination Bank Notes to all members of the public up to a limit of Rs.20000/- at a time will be allowed without obtaining any requisition slip as per the format attached in Annexure-III," said S. Muralidharan, Chief General Manager (Operations), in a letter to the head offices of all circles. 

He further wrote that people don't need identity proof to exchange notes.

"Further no identity proof is required to be submitted by the tenderer at the time of exchange. Hence, Annexure- III which is attached to e-Circular No. R&DB/AGNY BKG-RBI-1/8/2023-24 dated 19.05.2023, stands withdrawn immediately."