ID Copies Not Required To Exchange Old Currency Notes?
129 views · Published 16 November 2016 · 1:00 · Indexed 20 September 2026
Channel: The Financial Express · 2016 · News & Politics
According to reports, the Reserve Bank of India said that its guidelines only require customers to present and show valid proof, the photocopies are not required. A senior official of the State Bank of India confirmed the same. Yet most bank branches, including several of SBI, have been insisting on photocopies, which has added to lengthening of queues at the branches. Some branches have offered to copy the document in the branch when customers turn up with only the original copy of their identity. The gazette notification withdrawing the old high denomination notes from circulation issued on November 8 had said that people can exchange notes at any bank by submitting a requisition slip and proof of identity. Read More: http://www.financialexpress.com/economy/demonetisation-id-copies-not-required-to-exchange-old-currency-notes-says-rbi-rs-500-rs-1000-banned-demonetisation-latest-news-indelible-ink-used/447003/
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