RBI advises banks to provide shade, water to those exchanging or depositing ₹2,000 banknotes

The RBI on Friday made a surprise announcement of the withdrawal of ₹2,000 currency notes

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The Reserve Bank of India (RBI) on May 22 advised banks that the facility of exchange of ₹2,000 banknotes across the counter shall be provided to the public in the usual manner, that is, as was being provided earlier.

“Banks are advised to provide appropriate infrastructure at the branches such as shaded waiting space, drinking water facilities, etc. considering the summer season,” the central bank said.

Banks shall maintain daily data on deposits and exchanges of ₹2,000 banknotes in a format provided by the RBI and submit the same as and when called for, it said.

The RBI on Friday made a surprise announcement of the withdrawal of ₹2,000 currency notes but gave the public time till September 30 to either deposit the ₹2,000 notes in accounts or exchange them at banks.

It said it had asked banks to stop issuing ₹2,000 notes with immediate effect.

Things to keep in mind while exchanging a ₹2,000 note

1. It is not compulsory for someone to be the customer of a bank to get a ₹2,000 note exchanged.

2. A non-account holder can exchange ₹2,000 notes up to ₹20,000 at a time at any bank branch.

3. RBI confirms that people do not have to pay any extra fee to exchange the note.

4. A bank may require you to fill a ‘Request Slip’ to facilitate the exchange.

5. A ‘Request Slip’ may require an identification card to be provided. Aadhaar cards, Driving licenses, Voter ID cards, Passports, NREGA cards, and Population Registers can be provided for the same.

Note: SBI will neither ask customers to fill a request slip, nor provide an identification card.

(With PTI inputs)

Published - May 22, 2023 11:00 am IST