Less than 2 per cent of the high-value ₹2,000 notes, which had been withdrawn after an announcement by the Reserve Bank of India (RBI) in 2023, are now in circulation.
According to data released by the bank on Saturday, ₹2,000 denomination banknotes worth ₹5,817 crore are still in circulation, which totals 98.37 per cent of the banknotes that were in circulation as on May 19, 2023.
The RBI had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023, but they continue to be legal tender.
In a statement, the central bank said the total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of the currency was announced, has declined to ₹5,817 crore at the close of business on October 31, 2025.
The facility for exchange of the ₹2,000 banknotes is available at the 19 issue offices of the RBI since May 19, 2023.
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From October 9, 2023, RBI issue offices are also accepting ₹2,000 banknotes from individuals/entities for deposit into their bank accounts.
Further, the public can 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 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 ₹2,000 banknotes.
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