Exchange Rs 2000 Notes Without Requisition Slip, ID Proof, Says SBI

State Bank of India (SBI) has informed all of its branches across India that there are no forms or identity documents necessary in order to exchange Rs 2,000 notes up to Rs. 20,000.

According to RBI, To give time to the banks to make preparatory arrangements, members of the public are requested to approach the bank branches or ROs of RBI from May 23, 2023 for availing exchange facility. 2023 for availing exchange facility. Deposit of ₹2000 banknotes may continue as per the normal banking practice.

The public has time till September 30, 2023, to deposit or exchange the notes at authorised RBI offices or bank branches.

On May 19, 2023, As part of the clean note policy, the Reserve Bank of India (RBI) stated that it intends to remove Rs 2,000 notes from circulation. RBI offices or bank branches. The Rs. 2,000 note will continue to be accepted as legal money, the banking regulator added.