98.37 per cent of Rs 2,000 notes returned to banks, says RBI

According to RBI data, Rs 2,000 denomination banknotes worth Rs 5,817 crore remain in circulation. Since their withdrawal announcement in May 2023, 98.37 per cent of the notes have been returned. The Rs 2,000 notes continue to be legal tender, the RBI clarified.

Mumbai: The high-value Rs 2,000 notes worth Rs 5,817 crore are still in circulation, according to the Reserve Bank data released on Saturday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.

Rs 2,000 banknotes continue to be legal tender. In a statement, the central bank said the total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of the currency was announced, has declined to Rs 5,817 crore at the close of business on October 31, 2025.

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“Thus, 98.37 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, have since been returned,” it said. The facility for exchange of the Rs 2,000 banknotes is available at the 19 issue offices of the RBI since May 19, 2023.

From October 9, 2023, RBI issue offices are also accepting Rs 2,000 banknotes from individuals/entities for deposit into their bank accounts. Further, the public can send Rs 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.

The issue offices are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. The RBI periodically publishes the status of withdrawal of Rs 2,000 banknotes.