Read the given statement and conclusions carefully. Assuming that the information given in the statement is true, decide which of the given conclusions logically follows from the statement.

Statement: India’s largest lender bank has announced that it will be allowing customers to exchange ₹2,000 notes without a requisition slip for amounts up to ₹20,000.

Conclusions:

I. No one will be allowed to withdraw an amount of more than ₹20,000.

II. No requisition slip is required for exchange of up to ₹20,000.