Following a review, the Reserve Bank of India (RBI) extended the deadline for the general public to exchange or deposit Rs 2000 notes at bank branches till 7 October on September 30.
“It has been decided to extend the current arrangement for deposit / exchange of Rs 2000 banknotes until October 07, 2023,” the RBI stated in a press statement as the time frame for the withdrawal procedure had come to an end.
The public can thereafter deposit or exchange Rs. 2000 banknotes at bank branches till October 7, 2023, according to the RBI. The Rs 2000 currency will still accepted as legal tender, according to the central bank.
On September 29, Moneycontrol exclusively revealed that the RBI is likely to prolong the window for the general public to return Rupees 2000 notes in order to enable the exchange or deposit of Rupees 2000 notes by the remaining bank clients. Originally, September 30th was the cutoff date for surrendering Rupees. 2000 notes.
Customers can still exchange these notes at the 19 RBI Issue offices up to a limit of Rs20,000 at a time after October 7, according to the RBI. Additionally, according to the RBI, people and organizations can present Rs 2000 banknotes at any of the 19 RBI issuing offices to have any amount credited to their Indian bank accounts.
Additionally, users can mail Rs. 2000 banknotes by India Post to any of the 19 RBI Issue Offices for credit to their domestic bank accounts, according to the RBI.
According to the RBI, “Such exchange or credit shall be subject to applicable Government and RBI regulations, submission of valid identity documents, and due diligence as deemed appropriate by RBI.”
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