Last date to deposit, exchange ₹2,000 notes today; What's next if October 7 deadline is missed?
₹2,000 banknote notes is today i.e. on 7 October. Earlier, The Reserve Bank of India (RBI) had extended the 30 September deadline to exchange and deposit ₹2,000 notes till October 7, 2023.
As per the RBI release, the deposit or exchange of ₹2,000 notes at bank branches will be stopped from 8 October. However, ₹2,000 notes will continue to be legal tender even after October 7 but can be exchanged only at RBI offices, it said. As per RBI FAQ, the ₹2000 banknotes can continue to be exchanged by individuals / entities at the 19 RBI Issue Offices up to a limit of ₹20,000 at a time.
Individuals / Entities can also tender ₹2000 banknotes at the 19 RBI Issue Offices for credit to their bank accounts in India for any amount. Such exchange or credit shall be subject to relevant RBI / Government regulations, submission of valid identity documents and due diligence as deemed fit by RBI. Meanwhile, RBI gave exceptions to courts, law enforcement agencies, government departments, or any other public authority involved in investigation proceedings or enforcement, as and when required, deposit, or exchange ₹2000 banknotes at any of the 19 RBI Issue Offices without any limit.
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