LAST DATE TO EXCHANGE ₹ 2,000 NOTES AT BANKS EXTENDED TILL OCTOBER 7: RBI

The
RBI has said that ₹2,000 notes will continue to be legal tender but can be
exchanged and deposited at bank branches only till October 7.

The Reserve Bank of India (RBI) has
extended the deadline for exchange and deposit of ₹2,000 bank notes until
October 7, adding that the denomination will continue to be legal tender even
after the date. From October 8, individuals and entities can exchange ₹2,000
notes at RBI issue offices.

An RBI notification said that
deposit or exchange of ₹2,000 notes at bank branches would be stopped from
October 8, but can be exchanged at the 19 RBI Issue Offices up to a limit of
₹20,000 at a time.

Individuals and entities
within the country can also send ₹2,000 banknotes through India Post, addressed
to any of the 19 RBI Issue Offices for credit to their bank accounts in India.
Such exchange or credit, said the central bank, shall be subject to relevant
RBI and Government regulations, submission of valid identity documents and due
diligence as deemed fit by RBI.

However, courts, law
enforcement agencies, government departments and other public authority
involved in investigation proceedings or enforcement, may deposit and exchange
the ₹2,000 notes at any of the RBI Issue Offices without any limit.