Non-account holders at most private banks are required to complete a form and present a valid ID proof when exchanging their 2000 rupee notes, which are being phased out as per the RBI’s directive. It’s important to note that practices may vary among different private banks, while some public sector banks like SBI and PNB do not require non-bank customers to provide ID proof for the exchange.
Non-account holders at most private banks are required to complete a form and present a valid ID proof when exchanging their 2000 rupee notes, which are being phased out as per the RBI’s directive. However, account holders only need to provide their account details for the exchange process. This discrepancy in requirements aims to facilitate the smooth exchange of the specified currency notes. It’s important to note that practices may vary among different private banks, while some public sector banks like SBI and PNB do not require non-bank customers to provide ID proof for the exchange. Other public sector banks may adopt varying approaches based on instructions from their respective head offices.