Small queues of people were observed at banks in Patna and Lucknow as individuals arrived to exchange their Rs 2,000 currency notes. According to a person at one of the banks, no documents are required for the exchange; individuals can simply present the note and the bank will exchange it. The exchange facility for Rs 2,000 notes started on Tuesday following the RBI’s announcement of its withdrawal. As per RBI guidelines, Rs 2,000 notes can be exchanged up to a limit of Rs 20,000 at a time without the need to fill out any forms or requisition slips.
People Queue Up at Banks to Exchange Rs 2000 Notes
Small Queues Formed in Patna and Lucknow
Small queues were observed at banks in Patna and Lucknow as people gathered to exchange their Rs 2,000 currency notes. The Reserve Bank of India (RBI) had recently announced the withdrawal of these notes, prompting individuals to exchange them for smaller denominations.
No Documentation Required for Exchange
According to reports, individuals were informed that no documentation or identity proof was necessary for the exchange process. People simply needed to present their Rs 2,000 notes to the bank, and the exchange would be facilitated.
Ample Time for Exchange and Deposit
RBI Governor Shaktikanta Das reassured citizens that there was sufficient time for both exchanging and depositing the Rs 2,000 notes in bank accounts. He emphasized that there was an abundant supply of printed notes available in the system, not only with the RBI but also with the currency chests operated by banks.
Calm Exchange Process in Metro Cities
In major metro cities such as Delhi, Mumbai, and Kolkata, private sector bank branches reported business as usual in the early hours. The exchange process did not witness a significant rush when the branches opened.
Punjab National Bank Clarifies Exchange Procedure
Punjab National Bank clarified that there was no requirement to show an ID card or fill out a form during the exchange process. This clarification aimed to ease any concerns or confusion among individuals seeking to exchange their Rs 2,000 notes.
As the exchange facility for Rs 2,000 notes continues, individuals are encouraged to visit their banks and take advantage of the ample time provided for the exchange and deposit of these notes.
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