Exchange of old bank notes upto Rs 2000 only once. RBI has clarified in its updated FAQ that over the counter exchange can be done only once

Exchange of old bank notes upto Rs 2000 only once. RBI has clarified in its updated FAQ that over the counter exchange can be done only once

The question and answer No. 14 deals with this issue as under:

14. Can I exchange ₹ 2000 more than once?

No. You can exchange upto ₹ 2000 only once. As per the Standard Operating Procedure advised to banks, while exchanging the specified banknotes, the bank branch concerned, issue office of RBI or post offices would put indelible ink mark on the right index finger of the customer so as to identify that he/she has exchanged the old currency notes. The indelible ink will be applied before the old notes are taken or new notes are given. Indelible ink on the index finger of the left hand or any other finger of the left hand may not be used as a pretext to deny exchange of old notes.

This procedure would be introduced to begin with in the metro cities and later extended to the other areas.