India's largest lender on Sunday announced that it would be allowing customers to exchange the soon-to-be withdrawn Rs 2000 note without a requisition slip for amounts up to Rs 20,000.
The move will allow people to swap out 10 notes at one go, without filling in
the requisition slip
"It has been decided that the facility of exchange of Rs.2000/-
denomination Bank Notes to all members of the public upto a limit of Rs.20000/-
at a time will be allowed without obtaining any requisition slip as per the
format attached in Annexure- III," a circular from the state lender said.
In addition, the bank clarified that people will not need to submit
identification at the time of exchange.
"Further no identity proof is required to be submitted by the tenderer at
the time of exchange," the circular adds.
The Reserve Bank of India on Friday announced that it would be withdrawing the
Rs 2000 currency notes from circulation, giving the general public till
September 30 to deposit or exchange the currency. The denomination will
continue to be a legal tender, the RBI said in a statement.
The RBI advised banks to stop issuing Rs 2000 denomination banknotes with
immediate effect, when it made the announcement.
