RBI Extends Deadline to Exchange Rs. 2,000 Banknotes Till Oct 7


Mumbai : The Reserve Bank of India (RBI) on Saturday ( September 30)announced an extension of the deadline for depositing or exchanging Rs 2,000 currency notes. The new deadline is October 7, 2023. After this date, individuals can only exchange the high-value currency at the RBI’s 19 issue offices; nearby banks will no longer offer this service.
“As the period specified for the withdrawal has come to an end, and based on a review, it has been decided to extend the current arrangement for deposit / exchange of ₹2000 banknotes until October 07, 2023. Banks shall continue to maintain daily data on deposit / exchange of ₹2000 banknotes” RBI said.
“With effect from October 8, 2023, banks shall stop accepting ₹2000 banknotes for credit to accounts or exchange to other denomination banknotes. Rs.2000 banknotes shall continue to be allowed to be presented at the 19 Regional Offices of RBI having Issue Departments (RBI Issue offices) for credit to the bank accounts in India or exchange as indicated in the Press Release” RBI said.

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