Is Aadhaar, PAN Or Any Other ID Proof Required To Exchange Rs 2,000 Notes? Banks Clarify

The Punjab National Bank (PNB) on Tuesday said there is no need to show any identity proof such as Aadhaar card or present any official verified documents (OVD) to exchange Rs 2,000 currency notes.

"No Aaadhar Card, No official verified documents (OVD) required, no need to fill any form is the current instruction to all the branches of Punjab National Bank," read a statement from PNB bank.

The clarification from PNB came after old forms circulated online seeking additional personal information for exchanging Rs 2,000 currency notes.

HDFC Bank on Rs 2,000 exchange

"Your trust and convenience are paramount to us at HDFC Bank. We want to update you on the ₹2000 banknotes issued by the Reserve Bank of India (RBI)," HDFC Bank said in emails sent to its customers.

Legal Tender Assurance: The Rs 2,000 banknote will remain legal tender. You can use it for all your transactions and receive it as a form of payment.

Hassle-free Deposits: You can conveniently deposit any quantity of ₹2000 banknotes into your HDFC Bank account at any branch until September 30, 2023.

Easy Exchange: We offer a hassle-free exchange service at any HDFC Bank branch from May 23, 2023 onwards until September 30, 2023, allowing you to get your Rs 2000 banknotes exchanged with a per-day limit of Rs. 20,000.

SBI on Rs 2,000 exchange

SBI on Sunday announced that it would be allowing customers to exchange the Rs 2,000 note without a requisition slip for amounts up to Rs 20,000.

"It has been decided that the facility of exchange of Rs.2000/- denomination Bank Notes to all members of the public upto a limit of Rs.20000/- at a time will be allowed without obtaining any requisition slip as per the format attached in Annexure- III," a circular from the SBI said.

Further, no identity proof is required to be submitted by the tender at the time of exchange, it added.

The Reserve Bank of India on Friday announced to take back Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.

The bank notes in Rs 2,000 denomination will continue to be legal tender, according to RBI.