2000 Promises to Keep On Saturday afternoon, a friend who is a Chartered Accountant circulated a photograph of a form that we would have to fill to exchange 2,000 rupee notes for notes of a smaller denomination. For most of us, this form is only of academic interest, since banks have not been dispensing 2,000 rupee notes for several years now.
I've never underestimated the innovation and talent manifested periodically by any bureaucracy towards inflicting grief on others. I've experienced this in large corporations too. In this instance, it seems like SBI went on overdrive about this (big surprise). The original RBI circular sets out a format thats not too different from when the Re 1 coins went out back in 2004 or 2005. (I didn't even know that till I poked around after reading your current instalment of "how common folks get hammered by stupid rules". Prolly chapter 21,234 based on just your personal experiences. This is the original RBI note: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12505&Mode=0. The caveats in this note are the usual prevailing ones regarding cash transactions, It also states that printing of Rs 2k Note stopped in 2018. the rest of the stuff on "still legal tender" and so on is apparently the standard historical practice for other than demonetized notes and demonetized smaller denomination coins. I gather the 25 paise was officially withdrawn in 2011 as legal tender and is now only in use in movie dialogues. That's my chaar anna on this subject. But never fear. Since this matter has abated, the slate is clean for fresh sorrowing rules from some banks (this is not a typo and I didn't mean "borrow"). I will then await Chapter 21, 235.
"Sorrowing Rules" is a wonderful epithet for the books our babus craft.
Andher Nagri, chaupat Raja...
This is a very stupid situation. How can we trust that they will not reintroduce a 1000 rupees not back now.