People flock to petrol pumps, liquor outlets to exchange Rs 2000 notes

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Representational Image | Photo: PTI

Kannur: After RBI’s decision to scrap Rs 2000 notes, people are in a rush to exchange all such notes in their possession. Despite setting September 30 as the deadline for exchanging the notes, the public are in a mad rush to spend all the Rs 2000 notes with them. Sadly, petrol bunk workers across the state are bearing the brunt of it, as people who even fill just a liter of petrol, are giving them a Rs 2000 note in return, expecting change. To meet the demands of the unprecedented situation, and identify fake notes, counting machines are now being installed in most of the petrol pumps across the state.

Even though the Kerala Beverages Corporation is currently not accepting Rs 2000 notes, the liquor outlets in Mahe are an exception. The cash counters of these outlets are flooding with Rs 2000 notes at present. Apart from the liquor outlets, a few of the major jewelleries and textiles shops in the state are currently accepting Rs 2000 notes for transactions up to Rs 2 lakhs. However small scale merchants are avoiding such notes for obvious reasons.

At the moment, there are no special counters set up at main branches of SBI or for that matter at any other banks for the exchange of such notes.

There is no requirement for submitting any identity proofs or to fill any application forms for exchanging Rs 2000 notes. At a single go, 10 such notes can be exchanged. Treasuries also accept these notes, but not for exchange. However much to the respite of the public, KSRTC buses are currently accepting such notes.

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