New Delhi : The Reserve Bank of India on Wednesday asked the banks not to insist on the photocopies of the customers’ identities for exchange of the old currency notes.
It said all that the bank is required is to check is the identity of the customer by asking him to show his valid identity proof before exchanging his/her defunct notes of Rs 1,000 and Rs 500 up to the extent of Rs 4,500 and that too only once by putting indelible ink mark on his/her right index finger to establish that he has exchanged the old currency notes.
The valid identity proof could be any one of the following: Aadhaar Card, Driving Licence, Voter ID Card, PAN card, Passport, NREGA Card, or Identity Card Issued by Government Department, Public Sector Unit to its Staff.
Urging the people to shun all sorts of rumours, the RBI on Wednesday issued its new Frequently Asked Questions (FAQs), the fifth since the demonetisation, on withdrawal of legal tender character of the existing bank notes in the denominations of Rs 500 and Rs 1000.
It, however, slipped by stating that the withdrawal limits are applicable up to November 24, “after which these may be reviewed” as the review after that date has been already omitted through a gazette notification issued by the Finance Ministry on November 14.
