RBI Reports 98% Return of Rs 2000 Banknotes Post Withdrawal Announcement



Quick Summary
The Reserve Bank of India (RBI) has reported that a significant 98.08% of the Rs 2000 banknotes, initially valued at Rs 3.56 lakh crore, have been returned to circulation. This leaves only Rs 6839 crore worth of these notes still outstanding. While the general facility to deposit or exchange these notes at bank branches ended on October 7, 2023, individuals can still exchange them at RBI Issue Offices or send them via India Post for credit to their bank accounts.

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 onNovember 04, 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 ₹
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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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FAQ :

The Reserve Bank of India (RBI) has announced that 98.08% of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned.

As of November 29, 2024, the value of Rs 2000 banknotes still in circulation is Rs 6839 crore.

You can exchange or deposit Rs 2000 banknotes at the 19 RBI Issue Offices. You can also send them via India Post to any RBI Issue Office for credit to your bank account.

The facility for deposit and/or exchange of Rs 2000 banknotes at all bank branches across the country ended on October 7, 2023.

Yes, the Rs 2000 banknotes continue to be legal tender.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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