2000 Notes Exchange Process Continues, PNB Releases Instructions

The process of changing 2000 rupee notes has commenced nationwide today. Punjab National Bank (PNB) has clarified that common individuals can exchange these notes without providing Aadhaar card details or any official verified documents. This means that anyone can easily exchange up to 10 notes of 2000 rupees at any branch of the bank.

PNB officials have stated that people can visit any of their branches to get their 2000 rupee notes exchanged. They do not need to fill out any forms for this purpose. Previously, an old form was circulating online in the bank’s name for exchanging Rs 2000 notes, but the bank has issued a clarification regarding this.

Additionally, the Finance Ministry has instructed all banks to arrange for drinking water and shaded areas for people coming to exchange 2000 rupee notes, considering the scorching heat.

Currently, there is no information about any kind of panic regarding the exchange. The Finance Ministry and Reserve Bank of India (RBI) are monitoring the situation. Aftab, a bank manager at a branch of Yes Bank in Mumbai, has confirmed that there is no situation similar to demonetization, and people are calmly exchanging their notes without any long queues or crowds.

SBI’s Instructions

Earlier on Saturday, the State Bank of India (SBI), the country’s largest bank, also made it clear that individuals do not need to provide any identification proof or submit any documents to exchange 2000 rupee notes.

As per RBI’s instructions, the 2000 rupee notes are to be exchanged across the country between 23rd May and 30th September as they are being phased out of circulation. However, they still retain their legal tender status. Individuals can exchange notes worth a maximum of Rs. 20,000 per day from the bank, and there is no limit on depositing these notes into their bank accounts.

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