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The Reserve Bank of India (RBI) has announced a significant update on the withdrawal of Rs 2000 denomination banknotes. According to the latest figures released on July 31, 2025, 98.31% of the Rs 2000 notes in circulation as of May 19, 2023, have been returned to the banking system. Official copy
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As of July 31, 2025, 98.31% of the Rs 2000 notes that were in circulation on May 19, 2023, have been returned to the banking system.
The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023.
As of July 31, 2025, Rs 6,017 crore worth of Rs 2000 banknotes remain in circulation.
The RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023.
The facility for deposit and/or exchange was available at all bank branches until October 7, 2023. It is also available at the 19 RBI Issue Offices, and notes can be sent via India Post to these offices.
Yes, the Rs 2000 banknotes continue to be legal tender.
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