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Exchanging Rs 2,000 Notes Now Hassle-Free, No ID Proof or Forms Needed for Transactions up to Rs 20,000!

  • Posted on May 21, 2023
  • News
  • By Navya Shrivastava
  • 265 Views
In a major announcement, India's largest lender, the State Bank of India (SBI), has taken a significant step towards facilitating the exchange of the soon-to-be withdrawn Rs 2000 notes.

.In a major announcement, India's largest lender, the State Bank of India (SBI), has taken a significant step towards facilitating the exchange of the soon-to-be withdrawn Rs 2000 notes. With this new development, customers will now be able to exchange these notes without the need for a requisition slip for amounts up to Rs 20,000.

This customer-friendly move by SBI aims to simplify the process and make it more convenient for individuals to replace their Rs 2000 notes. Previously, customers had to go through the hassle of filling in requisition slips for each note they wished to exchange. However, with the latest announcement, customers can now swap out up to 10 notes in a single transaction without the need to fill in any requisition slips.

This customer-friendly move by SBI aims to simplify the process and make it more convenient for individuals to replace their Rs 2000 notes.
News Alert | SBI has clarified that there is no specific form or slip required for exchanging Rs. 2000 notes You can exchange up to Rs. 20,000 of these notes (10 notes of Rs. 2000 each) in one go (Image Grab from Twitter @ETNOWLIVE)


The decision to eliminate the requirement for a requisition slip comes as a relief to countless individuals across the country who were facing inconvenience while exchanging their Rs 2000 notes. This customer-centric approach by SBI showcases their commitment to providing efficient and hassle-free services to the public.

By raising the limit to Rs 20,000, the SBI has further eased the burden for customers who were previously restricted to smaller exchange amounts. This move not only simplifies the process but also enables customers to complete their transactions more efficiently, saving both time and effort.

 SBI simplifies Rs 2000 note exchange as no requisition slip needed. Up to Rs 20,000 in a single transaction. Enhancing customer experience.
Banks will start exchanging notes from May 23 and people can exchange ₹2,000 banknotes up to a limit of ₹20,000 at a time. (PTI)

In conclusion, the State Bank of India's recent announcement to waive the need for a requisition slip when exchanging Rs 2000 notes up to Rs 20,000 demonstrates their dedication to enhancing customer experience and streamlining the currency exchange process. This progressive step is expected to benefit a wide range of individuals by making the transition to the new currency more convenient and hassle-free.

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Navya Shrivastava

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