Private banks are taking more care in changing two thousand rupee notes

line in bank

Lines are being seen in many banks to change and deposit notes. According to an SBI branch manager, they have been asked not to ask for identity proof from people. Many people are reaching the bank to exchange notes more than once a day. Explain that the country’s largest bank SBI had on May 20 asked people coming to its branches to exchange notes to take deposit slips and identity cards, but reversed its instruction a day later.

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Private banks are not changing notes

According to media reports, several customers had complained that branches of some private banks were refusing to exchange notes to non-customers. In one case, a private bank refused to accept Rs 2,000 notes for deposit in a bank account without the presence of the account holder. As per reports, the branch managers are under pressure due to no clear instructions in writing. Some managers said they received instructions from senior officials to persuade customers to deposit currency notes instead of exchanging them.