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June 2023
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SBI Provides Clarity on ₹2,000 Banknote Exchange Process; No Identity Proof Needed

Rs 2000

The State Bank of India allows customers to exchange ₹2,000 notes up to ₹20,000 at branches without a requisition slip or identity proof. This clarification addresses social media rumors about form submission and ID requirements. The Reserve Bank of India withdrew ₹2,000 notes and advised to deposit or exchange them at banks by September 30. Starting May 23, individuals can approach banks for the process, giving them ample preparation time.

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