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 onOc
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
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.
CAclubindia
