When exchanging the phased-out 2000 rupee notes as per the RBI’s directive, non-account holders at most private banks are required to complete a form and present a valid ID proof. In contrast, account holders only need to provide their account details. This difference in requirements aims to facilitate a smoother exchange process. It’s important to note that practices may vary among different private banks. Some public sector banks like SBI and PNB do not require non-bank customers to provide ID proof. Other public sector banks may adopt varying approaches based on instructions from their head offices.
According to a report by ET Wealth, branch officials from various banks provided details regarding the note exchange process. At HDFC Bank, customers, both non-bank and bank customers, are asked to fill out a specific form called Annexure – 1. Non-bank customers need to provide their name and mobile number as part of the exchange procedure. They are also required to present one of several accepted ID proofs.
Kotak Mahindra Bank requires customers, including non-bank and bank customers, to complete a special form for the exchange of Rs 2000 banknotes. This form collects details such as Name, Address, and Contact Number. Non-bank customers are additionally requested to provide a valid ID proof.
Induslnd Bank expects all customers to fill out a special form. Non-account holders are required to provide their Name, Mobile number, Contact Address, and an ID proof.
ICICI Bank branches do not have a specific form for customers. However, non-bank customers are asked to complete a cash deposit slip and provide an officially valid document along with their mobile number.
It’s important to stay updated with the latest requirements and procedures for exchanging the phased-out 2000 rupee notes by consulting the respective banks directly, as the information provided is based on the aforementioned report by ET Wealth and may be subject to change.