If you’re planning to go your bank to exchange Rs. 500 or Rs.100 notes, keep the following formalities in mind.
Carry a Valid Identity Proof
You need to carry any of the following valid identity proofs: Aadhaar Card, Driving License, Voter ID Card, Passport, PAN Card, Identity Card issues by Govt or Public Sector Unit to Its Employees.
Fill Out a Form
The next step is to fill out a prescribed form and attach with it a photocopy of your ID proof (as motioned above) which should be self-attested with date.
Also, mention that you’re submitting this for the purpose of exchanging old notes.
Don’t Have a Bank Account?
If you don’t have a bank account, you can still exchange old notes without the permission of any of your friends who have a bank account. However, they must give their permission in writing which you can produce at their bank along with your valid identity proof (any ID proof as mentioned previously).
Sending a Representative?
If cannot visit the bank personally for some reason, you can still exchange notes on behalf of someone else. All you have to do is give them express mandate, i.e., written authorization. When they visit the bank, they must produce the written authorization along their valid identity proof before exchanging old notes.
Visiting a Bank Where You Don’t Have an Account?
If you’re visiting a bank where you don’t have an account, you must produce your identity proof and account details (with your own bank) so the bank can transfer money via electronic transfer.
Special Note: If you any specific information, get in touch with them via email or call them up on one of the following numbers: 022 22602201 – 022 22602944.
Have you visited the bank for exchanging your notes yet? What’s been your experience like?