The Reserve Bank of India (RBI) has made an announcement regarding the extension of the deadline for the exchange of ₹2000 banknotes, granting individuals additional time until October 7 to complete the exchange process. This development comes after the RBI had initially declared the withdrawal of ₹2000 denomination banknotes from circulation on May 19.
In accordance with the initial announcement, the RBI had set September 30, 2023, as the deadline for individuals to exchange their ₹2000 banknotes at their respective banks.