Key Details: ₹2,000 Note Exchange and Deposit Deadline
BY - Priyanka Rai
Deadline Alert ₹2,000 note will cease to be legal tender after September 30, 2023
Exchange Window The exchange or deposit process for ₹2,000 notes began on May 23, and the final week for this is approaching
Deposit at Banks Individuals can deposit ₹2,000 notes at their banks without a specific limit
KYC Requirements KYC (Know Your Customer) rules and legal deposit norms apply when depositing
Special Accounts For BSBD and Jan Dhan accounts, regular deposit limits are in effect
Income Tax Rule Rule 114B mandates providing PAN for cash deposits exceeding ₹50,000 in a day
Exchange Options Until September 30, you can exchange ₹2,000 notes at RBI's Regional Offices or nearby bank branches
Exchange Guidelines Exchange can be done without a request slip or ID proof, but some banks may have different requirements
Bank Holiday Schedule Banks are open from Monday to Wednesday (Sept 25-27) and closed on Thursday (Sept 28). Regular hours resume on Friday and Saturday (Sept 29-30)
Exchange Dates You have until September 27, then again on September 29-30, to exchange or deposit your ₹2,000 notes