The RBI in nation issued a note of Rs 2000 in 2016. The 2000 Rupee Note Will Be Withdrawn, the RBI Has Announced. As a result, starting on May 23, individuals will be allowed to deposit or exchange Rs 2,000 notes at banks. People may also complete this process till September 30, 2023. But now it’s also being claimed that consumers must fill out a form and present an ID card in order to swap Rs 2000 notes. Tell us whether this assertion is true.
Money order
Actually, no paperwork, slip, or ID is required to exchange or deposit a 2000 rupee note. State Bank of India has released rules for all of its branches to put an end to this rumor. It has been claimed that exchanging 2000 rupee note doesn’t require a form or ID card. No request slip is necessary to exchange Rs 2000 notes, according to a directive that SBI today distributed to all of its branches.
2000 Rupee Note
2000 rupee note up to a total value of 20,000 rupees can be deposited or exchanged all at once, according to SBI. This explanation really came from SBI in response to alleged false information that was circulated on social media that exchanging banned notes required the completion of a form and the submission of identity credentials such as an Aadhaar card. SBI, however, has recently made it plain that neither a form nor an ID card is required of individuals.
RBI’s statement
Tell us about the Reserve Bank of India’s Friday announcement to stop issuing 2000-rupee notes. Up to September 30, people can exchange them or deposit them in their bank accounts. The Reserve Bank of India (RBI) and other banks will begin accepting Rs 2,000 at 19 regional offices. According to RBI, notes can be swapped starting on May 23.
Read more: LIC policyholders will now receive 91 lakhs on maturity, know how?
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