A Public Interest Litigation (PIL) has been moved in Delhi High Court challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, which permits the exchange of Rs. 2000 banknotes without obtaining any requisition slip and identity proof.
"Please arrange accordingly and extend all cooperation to members of the public so that the exercise is conducted in a smooth and seamless manner without any inconvenience to the public," SBI said in its communication.
RBI on Friday announced that it has decided to withdraw the Rs 2,000 denomination banknotes from circulation but they will continue to remain legal tender.