Rs 2,000 Notes Worth Rs 7,581 Crore Still With Public: RBI

The Reserve Bank of India (RBI) said 97.87 per cent of the ₹2000 denomination banknotes have returned to the banking system. Only ₹7,581 crore worth of the withdrawn notes are still with the public, it said. The central bank announced withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023. RBI also said that the total value of ₹2000 banknotes in circulation was ₹3.56 lakh crore at the close of business on May 19, 2023.

RBI announced withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023.

This has declined to ₹7,581 crore at the close of business on June 28, 2024, it said, adding, “Thus, 97.87 per cent of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.”

Facility for deposit and/or exchange of the ₹2000 banknotes was available at all bank branches in the country till October 7, 2023. For exchange of the ₹2000 banknotes, the facility has been available at the 19 issue offices of the Reserve Bank since May 19, 2023. From October 9, 2023, RBI issue offices are also accepting ₹2000 banknotes from individuals and entities for deposit into their bank accounts.