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,

Section 194 N of the Finance Bill 2020 has been amended to govern defaulters who have not filed the Income Tax Return for the three preceding years.