The Reserve Bank had announced the withdrawal of bank notes worth Rs 2000 from circulation on May 19, 2023. RBI said that the total value of Rs 2000 bank notes in circulation at the close of business on May 19, 2023 was Rs 3.56 lakh crore.
It has been almost two years since the two thousand rupee notes were banned. Even after that, RBI or rather the government has still not received all the notes. Less than two percent of 2000 rupee notes are still floating in the market. The surprising thing is that these two thousand rupee notes have no value left. In May 2023, the government had completely removed these notes from the system. Let us also tell you what kind of things have come out in the RBI report.
Update on two thousand rupees
The Reserve Bank of India (RBI) said on Saturday that 98.18 percent of the Rs 2000 notes have returned to the banking system. Now only Rs 6,471 crore worth of such notes are with the public. The Reserve Bank had announced the withdrawal of Rs 2000 bank notes from circulation on May 19, 2023. The RBI said that the total value of Rs 2000 bank notes in circulation at the close of business on May 19, 2023 was Rs 3.56 lakh crore, which came down to Rs 6,471 crore at the close of business on February 28, 2025. The central bank said in a statement that thus 98.18 percent of the Rs 2000 bank notes in circulation as of May 19, 2023 have returned.
You can deposit notes here
The facility of depositing and/or exchanging two thousand rupee notes was available in all bank branches till October 7, 2023. However, this facility is still available in 19 issue offices of the Reserve Bank. RBI’s issue offices are accepting Rs 2000 bank notes from individuals and institutions for depositing them in their bank accounts from October 9, 2023. Apart from this, common people can send Rs 2000 notes from any post office in the country through Indian Post to any RBI office for depositing them in their bank account. Two thousand rupee notes will remain legal tender.
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