New Guideline Released: 5 banks including SBI issued guidelines for exchange of 2000 notes


Banks Guideline for 2000 Notes Exchange According to the RBI, from May 23, 2023, anyone holding a Rs 2,000 note can exchange it with other denominations at any bank branch. Whereas, he can also deposit in his bank.

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The Reserve Bank of India (RBI) has said that Rs 2000 notes will be considered legal tender even after 30 September 2023. HDFC, SBI, PNB, South Indian Bank and Kotak Mahindra Bank have issued clarification (How To Exchange Rs 2000 Notes) regarding note exchange.

According to the RBI’s circular issued on 22 May 2023, the facility of exchange of Rs 2000 notes over the counter of banks will be provided to the public in a normal manner. Keeping in view the summer season, RBI has also advised to provide proper infrastructure like shady waiting rooms, drinking water facilities etc. in the bank branches.

State Bank of India

The largest government bank State Bank of India ( SBI 2000 Notes Change Guideline) has said that it is allowing customers to change 10 notes of Rs 2000 i.e. up to Rs 20,000. No slip or form will be asked from the customers for this. SBI said that it has been decided that Rs. 2000/- to exchange bank notes in the denomination of Rs. 20000/- will be given without any demand slip.

Punjab National Bank

According to a representative of Punjab National Bank ( PNB 2000 Notes Exchange Rule), if you are exchanging Rs 2,000 notes, you do not need to present any government-issued identity document like Aadhaar card at the bank branch. Is. Punjab National Bank has issued an official guideline saying that there is no need to fill any Aadhaar card, officially verified documents or any form, such instructions have been given to all branches of Punjab National Bank at present.

South Indian Bank

According to the Times of India, the private sector South Indian Bank2000 Notes Change Guide) ) Those who are not customers can change Rs 2,000 notes in all branches from Tuesday. But, they will submit Officially Valid Document (OVD). Similarly, the same rule will be applicable for non-KYC customers as well. South Indian Bank is headquartered in Kerala and has 940 branches across the country.


HDFC Bank (How to Exchange Notes in HDFC Bank ) said that we are providing hassle free note exchange service from 23 May 2023 to 30 September 2023 at any HDFC Bank branch. You can exchange your Rs 2000 notes with a per day limit of Rs 20,000. HDFC Bank has also issued an email regarding this to its customers.

According to the Kotak Mahindra Bank report, Kotak Mahindra Bank ( Kotak Mahindra Bank Notes Exchange Steps) has said that they are asking for form / ID proof for non-account holders in case of exchange of Rs 2,000 notes.

Note Exchange Limit

According to RBI, the limit for exchanging Rs 2000 notes at a time is Rs 20000. Means anyone can change 10 notes. This facility will continue till 30 September.

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