The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹5,743 crore at the close of business on November 29, 2025. Thus, 98.39% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned, the Reserve Bank of India (RBI) said on Monday.
The RBI had announced the withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023.The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.
Now the facility for exchange of the ₹2000 banknotes is available at the 19 Issue Offices of the RBI since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting ₹2000 banknotes from individuals / entities for deposit into their bank accounts.
Further, members of the public are sending ₹2000 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 ₹2000 banknotes continue to be legal tender, the RBI said.
Published – December 01, 2025 09:36 pm IST
