The deadline for depositing/exchanging ₹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.

 What happens if you miss the October 7 deadline? 

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.