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 ₹2,000 banknotes in circulation as on May 19, 2023, has since been returned,” the Reserve Bank of India (RBI) reported on July 1. “The ₹2,000 banknotes continue to be legal tender,” it said.

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

The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.

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

Further, members of the public are sending ₹2000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts.

The RBI had announced the withdrawal of ₹2,000 denomination banknotes 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 ₹2,000 banknotes in circulation as on May 19, 2023, has since been returned,” the Reserve Bank of India (RBI) reported on July 1. “The ₹2,000 banknotes continue to be legal tender,” it said.

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

The facility for deposit and / or exchange of the ₹2,000 banknotes was available at all bank branches in the country upto October 07, 2023.

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

Further, members of the public are sending ₹2,000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts.