Deadline to deposit INR 2,000 notes has been extended until October 7, 2023

The last day to exchange and deposit INR 2,000 notes has been extended by the Reserve Bank of India (RBI) until October 7, 2023.

Read more: Know this new RBI Move before you continue to risk keeping a 2000 Rupee note at home

The current arrangement for the deposit and exchange of 2000-denominated banknotes will remain in effect until October 7, 2023, the RBI announced in a press statement on Saturday, September 30. This decision was made because the deadline for the withdrawal process has passed and after reviewing the situation.

While the deposit or exchange through bank branches would no longer be permitted after October 7, clients may still exchange these notes at the 19 RBI issuing offices up to a maximum of 20,000 at a time, according the RBI's announcement.

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