According to an RBI press release dated September 30, 2023, this extension was decided upon after reviewing the situation when the original deadline for withdrawal had passed.

In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, the exchange of Rs 2000 banknotes into banknotes of other denominations can be made upto a limit of Rs 2000/- at a time at any bank starting from May 23, 2023,