Failed to exchange Rs 2k banknotes? What are the options left?

The final opportunity for the public to exchange or deposit high-value Rs 2000 banknotes at banks was on Saturday, October 7th. Shaktikanta Das, governor of the Reserve Bank of India, had stated that only roughly Rs 12,000 crore (3.37 per cent) of the currency notes left in existence a day prior to the due date.

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In simple terms, this meant that almost 96 per cent of the value of the Rs 2,000 banknotes had been returned to the financial system. The final update from the RBI was yet to be notified after the deadline was over. What will happen to those individuals whose Rs 2000 banknotes are yet to be exchanged or deposited in the banks? According to the RBI, Rs 2000 banknotes can continue to be exchanged by individuals or entities at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time, or they can tender Rs 2000 banknotes for credit to their bank accounts in India for any amount; else, people within the country can also send Rs 2000 banknotes through India Post, addressed to any of the 19 RBI Issue Offices, for credit to their bank accounts in India.