Banks across India have witnessed a huge rush as thousands of citizens have started depositing and exchanging the demonetised currency notes of ₹500 and ₹1,000.

 

For the exchange limit of ₹4,000 set by the government, bank officials were giving a new note of ₹2000 and 20 notes of ₹100. Some banks said they had not received new notes of ₹500.    

 

Here is what the Reserve Bank of India has asked the banks to do, to ensure the currency exchange and deposit, takes place smoothly.

 

  • RBI has asked all banks to write to local police to make arrangements for managing large crowds.

 

  • Install CCTV cameras at all vital points.

 

  • While accepting the notes of ₹500 and ₹1000, be attentive about quality of the note.

 

  • Withdrawals will be given more priority than exchanges.

 

  • No lunch breaks on November 10.

 

  • One Exchange form will be accepted from one customer with original valid ID Proof.

 

  • Avoid arguments with customers and do not talk to the media.

 

  • Arrange to print and place minimum 500 copies of exchange form at various counters in the Branch.

 

  • Banks managers are advised to keep 2-3 copies of RBI guidelines and circulars to convince the irritated customers if any.

 

  • All the cash of ₹500 and ₹1000 to be deposited in the link branches.

 

  • All the exchange forms to be recorded in a register daily after close of working hours.