Exchange of ₹2,000 notes kicks off at banks across India, check pictures

Bank branches made special arrangements to manage the rush to exchange ₹2,000 notes. New Delhi, Tuesday, May 23, 2023.

Banks dedicated counters for the exchange of the high denomination notes. New Delhi, Tuesday, May 23, 2023.

However, there was confusion across the country as several banks asked depositors to show ID proof for exchanging ₹2,000 notes. New Delhi, Tuesday, May 23, 2023.

Banks have limited the deposits of Rs 2000 in Jan Dhan accounts to ₹10,000. New Delhi, Tuesday, May 23, 2023.

Despite RBI offering to help banks with cash procurement several banks reportedly refused to exchange the notes due to lower cash retention limit. New Delhi, Tuesday, May 23, 2023.

On the first day while some banks saw long queues others continued to function normally. New Delhi, Tuesday, May 23, 2023.