Quick Summary
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation videPress Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published onOctober 01, 2024. 2. The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023. 3. The facility for exchange of the ₹2
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FAQ :
As of October 31, 2024, 98.04% of the Rs 2000 banknotes that were in circulation on May 19, 2023, have been returned.
The Reserve Bank of India announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023.
The total value of Rs 2000 banknotes in circulation on May 19, 2023, was Rs 3.56 lakh crore.
As of October 31, 2024, the value of Rs 2000 banknotes still in circulation is Rs 6970 crore.
The facility for deposit and/or exchange at bank branches ended on October 07, 2023. However, you can still exchange them at the 19 RBI Issue Offices, or send them via India Post to an RBI Issue Office for credit to your bank account.
Yes, the Rs 2000 banknotes continue to be legal tender.
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