new delhi banks are gearing up to manage the reverse flow of rs 2000 banknotes from tuesday the reserve bank of india rbi estimates that most of the rs 3 6 lakh crore of this highdenomination banknote in circulation will be turned in over the next four monthsthe rbi has asked banks to maintain separate daily records of the value of notes submitted for exchange and those deposited the central bank said it would call for this data when required it has also asked banks to maintain adequate shaded waiting places and drinking water considering the summer seasonaccording to bank officials in branches visited by toi there have been several inquiries on the frequency at which notes can be exchanged and the documentation requiredofficials said that banks have continued to accept deposits of rs 2000 notes in keeping with their usual practice atm managers are expected to reset cash withdrawal machines to disable the recycling of rs 2000 notesbranch officers said they do not expect any disruption of services as there is no additional requirement for depositing the rs 2000 notes however while banks have instructed branches not to insist on proof of identity branch officials were unsure of the procedure to be followed as their internal risk management process required them to do so a branch manager with a private bank said that the branch would be making a record of the currency notes exchanged and asking for the depositors information we need to have a trail in case we end up with counterfeit notes said the manageranother branch manager said that it would not be possible to keep a track record of the number of notes exchanged by an individual if there was no record of the depositormeanwhile hdfc bankin an email to customers said that customers can exchange rs 2000 banknotes with a perday limit of rs 20000many business establishments including petrol pumps and consumer durables received rs 2000 banknotes as customers sought to exhaust these food delivery app zomato said that since friday 72 of the platforms cashondelivery orders were paid in rs 2000 noteseconomists said that the inflow of rs 2000 notes into the banking system would lead to a temporary surge in liquidity for banks according to a research note by the bank of baroda if 50 of the total rs 2000 notes are deposited in banks deposits will increase by rs 1 8 lakh croreall said this move could provide some relief temporarily to the banking sector liquidity which has been rather tight but it is not a permanent solution said pranjul bhandari chief economist for india and indonesia with hsbc bank