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The State Bank of India (SBI) has announced a hassle-free process for exchanging ₹ 2,000 notes.
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No form or requisition slip is required for the exchange or deposit of ₹ 2,000 notes, and Identity documents also not required.
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Individuals can exchange or deposit ₹ 2,000 notes up to a total value of ₹ 20,000 at one time.
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There is no restriction on the number of times a person can exchange ₹ 2,000 rupee notes in a day.
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The Reserve Bank of India (RBI) will withdraw ₹ 2,000 notes from circulation.
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RBI's regional offices and other banks will accept ₹ 2,000 notes for exchange from May 23.
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People can exchange or deposit ₹ 2,000 notes in their bank accounts until September 30.
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RBI's regional offices and other banks will accept ₹ 2,000 notes for exchange from May 23.
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Approximately 89% of the ₹ 2,000 denomination banknotes were issued prior to March 2017.
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