₹7,581 crore worth of ₹2,000 notes still in circulation: RBI

₹7,581 crore worth of ₹2,000 notes still in circulation: RBI


The RBI had announced the withdrawal of Rs 2,000 banknotes from circulation on May 19, 2023. File

The RBI had announced the withdrawal of Rs 2,000 notes from circulation on May 19, 2023. File | Photo credit: Reuters

The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore at the close of business on June 28, 2024.

“Thus, 97.87% of the Rs 2,000 banknotes in circulation as on May 19, 2023, have been returned,” the Reserve Bank of India (RBI) said on July 1. “Rs 2,000 banknotes will continue to be legal tender.”

The RBI had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.

The facility to deposit and/or exchange Rs 2,000 notes was available in all bank branches of the country till October 07, 2023.

The facility to exchange ₹2,000 banknotes is available at 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 from May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting ₹2000 banknotes from individuals/institutions for deposit in their bank accounts.

Besides this, common people are also sending Rs 2,000 notes through India Post from any post office across the country to any RBI issue office to get them deposited in their bank accounts.


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