RBI On 2000 Note Exchange: The Reserve Bank has said that the removal of Rs 2,000 notes from circulation is not demonetisation but a statutory process. A Public Interest Litigation (PIL) was filed in the Delhi High Court to quash the notification that removed the 2000 notes. In response to this petition, the RBI gave this information to the Delhi High Court. The court has reserved its decision.
A hearing was held in the Delhi High Court on Tuesday (May 23) in the division bench of Chief Justice Satish Chandra Sharma and Justice Subranyam Prasad. On behalf of RBI, senior advocate Parag Tripathi objected to the petition and sought to dismiss it. The petition was filed by BJP leader Ashwini Upadhyay.
Note exchange process begins from Tuesday
The Reserve Bank of India (RBI) has decided to demonetise Rs 2,000 notes. Four months time has been given for this, during this period people will be able to change the two thousand rupee note kept with them. The process of changing Rs 2,000 notes in banks has started from Tuesday (May 23).
No documents required for depositing notes
The market of rumors is also hot on social media regarding the change of notes. An old form of PNB is going viral on the online platform, in which it has been said to ask for additional information from the depositors who have changed the 2000 note. PNB has now clarified about this form and has said that there is no need to provide any additional information to exchange Rs 2,000 note.
PNB told news agency ANI that no Aadhaar card has to be given, no officially verified documents have to be given and no form has to be filled to change the two thousand note. Instructions have been given to all branches in this regard.
Earlier, SBI had also said that there would be no need for any document nor form to be filled to exchange notes in its branches.
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