₹2,000 notes: Will you be able to exchange or deposit notes after Oct 7? RBI governor explains

The extended deadline to exchange or deposit ₹2000 notes is just a day away. But if you're worried about missing the deadline of 7th October, then there's some good news for you.

RBI governor on 2000 notes exchange or deposit after October 7

RBI governor has clarified that even after the deadline, ₹2000 notes can be exchanged or deposited in the Reserve Bank issue offices. There are 19 such RBI issue offices in various state capitals. Not just that, if you don't live in one of these 19 cities you can also use the postal department to send the notes to the RBI.

During the post credit policy press conference, the governor also pointed out that so far about 3.43 lakh crore worth of ₹2000 notes have been returned and about 12,000 crore is remaining. Of what has been returned, about 87% has come back as bank deposits.

The RBI had extended the special drive to withdraw Rs 2,000 bank notes from the system by an extra week from September 30th till October 7th. RBI had announced withdrawal of ₹2000 rupee notes on the 19th of May.

RBI Credit Policy October 2023

For the fourth time in a row, the RBI Monetary Policy Committee has kept the repo rate unchanged at 6.5%. During the credit policy announcement, RBI governor Shaktikanta Das cautioned on the need to remain vigilant towards inflation.

RBI's GDP growth forecast and inflation forecast for FY24 has been retained at 6.5% and 5.4% respectively.

Also watch: RBI Credit Policy decision