With reference to the recent RBI circular No. DCM(Plg) No. S-236/10.27.00/2023-24 dated May 19th,2023 on “₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender”, we hereby wish to inform you that –
Account / Non – Account Holder
Limit
Documentation
Deposit of ₹2000 denomination bank notes
Standard Chartered Bank, India Account Holder
No Limit
No documents required if, KYC compliant account.
Exchange of ₹2000 denomination bank notes
Standard Chartered Bank, India Account Holder – Customer in person
limit of ₹20,000/- at a time
No documents required if, KYC compliant account.
Exchange of ₹2000 denomination bank notes
Bearer exchanging on behalf of an existing SCB customer.
limit of ₹20,000/- at a time
Required to submit an ‘Officially Valid Document’ for every transaction.
Exchange of ₹2000 denomination bank notes
Non-Standard Chartered Bank customers.
limit of ₹20,000/- at a time
Required to submit an ‘Officially Valid Document’ for every transaction.
Please find below list of acceptable OVD’s (Officially Valid Documents) as per RBI Master Direction on KYC. Any one of the below listed original document to be evidenced at bank counter with a self-attested copy to be submitted for every unique transaction.
Passport
Driving licence
Proof of possession of Aadhaar number
Voter’s Identity Card issued by the Election Commission of India
Job card issued by NREGA duly signed by an officer of the State Government
Letter issued by the National Population Register containing details of name and address
For more information, kindly refer RBI circular and FAQs available with our branch officials.