The All India Bank Employees Union (AIBEA) has addressed a letter to RBI Governor Shaktikanta Das regarding a few banks that are allegedly requiring the public to provide proof of identification and other details when exchanging Rs2,000 notes. The union has expressed their disapproval over banks not following the instructions issued by the RBI and mentioned that this practice is creating needless stress at the bank branches.
In the circular S-234, the RBI had asked banks to receive the requisition along with identity proof from the public while exchanging Rs2,000 notes. Later, after updating the circular to S-239 on May 22, the RBI stated that exchange of Rs2,000 notes should be provided to the public in the usual manner, and without demanding any request slip or identity proof, since they still remain legal tender.
Ashok Mukherjee, the former deputy chief secretary of the State Bank of India Staff Association, has claimed that a few private and public sector banks have been requesting customers to provide ID proof along with other documents, which is not as per the RBI orders.
AIBEA is an organization that represents the unions of the bank employees in India. Established in 1946, it strives to uphold the rights and responsibilities of both the employees and the employers to create a harmonious environment in the banking sector. AIBEA’s main function is to protect the banking employees from exploitation while also helping them resolve issues related to service, rights and laws.
Deputy Chief Secretary Ashok Mukherjee is the former head of the State Bank of India Staff Association and has worked fervently to protect the rights of the banking employees. He has been at the forefront in many movements that are aimed at revising the banking laws in order to ensure fair practice in the banking sector. Over the years, he has fought several legal battles in order to safeguard the banking employees’ rights and benefits.
