Chaos, Confusion On Day 1 Of Rs 2,000 Note Exchange
As the exchange of the now-withdrawn Rs 2,000 notes began today, there was confusion over the requirement of ID cards. Some banks such as ICICI and Kotak asked for ID cards for non-account holders, while banks such as SBI made all exchanges without any documents. Banking experts answer what the reasons behind this discrepancy might be, while asking for more clarity and uniformity in banks' policies.
