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Fema / RBI

Rs. 2000 bank note exchange allowed without requisition slip & ID Proof: SBI

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In partial modification of instructions contained in Para 4 (B), it has been decided by SBI that the facility of exchange of Rs 2000/- denomination Bank Notes to all members of the public upto a limit of Rs.20000/- at a time will be allowed without obtaining any requisition slip as per the format attached in Annexure-III. Further no identity proof is required to be submitted by the tenderer at the time of exchange.

STATE BANK OF INDIA

Instruction No. RB&O/ABD/DKS/44 Dated: Dated 20.05.2023

The Chief General Manager, State Bank of India,
Local Head Office,
All Circles,

Dear Sir,

Rs.2000 DENOMINATION BANK NOTES-WITHDRAWAL FROM CIRCULATION: WILL CONTINUE AS LEGAL TENDER: GUIDELINES FOR BRANCHES MODIFICATION

We refer to our letter No. RB&O/ABD/DKS/42 dated 19.05.2023

2. In partial modification of instructions contained in Para 4 (B), it has been decided that the facility of exchange of Rs 2000/- denomination Bank Notes to all members of the public upto a limit of Rs.20000/- at a time will be allowed without obtaining any requisition slip as per the format attached in Annexure-III. Further no identity proof is required to be submitted by the tenderer at the time of exchange. Hence, Annexure- I which is attached to e-Circular No. R&DB/AGNY BKG-RBI-1/8/2023-24 dated 19.05.2023, stands withdrawn immediately.

3. There is no change in other instructions given in the above e-Circular.

4. Please arrange accordingly and extend all cooperation to members of public so that the exercise is conducted in a smooth and seamless manner without any inconvenience to the public.

Yours faithfully.

S. Muralidharan

Chief General Manager (Operations)

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Author Info

CA Milind Wadhwani
Qualification: CA in Practice
Company: Milind Wadhwani & Associates Chartered Accountants
Location: Indore, Madhya Pradesh
Articles Published: 103

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