The Reserve Bank on Monday said 98.08% of the ₹2,000 banknotes have been returned to the banking system, and only ₹6,839 crore worth such notes are still with the public.
On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 denomination banknotes from circulation.
The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, has declined to ₹6,839 crore at the close of business on November 29, 2024, RBI said.
"Thus, 98.08% of the ₹2,000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement.
The facility for deposit and/or exchange of the ₹2,000 banknotes was available at all bank branches till October 7, 2023.However, this facility is still available at the 19 issue offices of the Reserve Bank.
From October 9, 2023, the RBI issue offices are also accepting ₹2,000 banknotes from individuals and entities for deposit into their bank accounts. Further, members of the public can also send ₹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 ₹2,000 banknotes continue to be legal tender. The 19 RBI offices depositing/exchanging the banknotes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
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