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The Reserve Bank of India (RBI) on Friday gave a big update on the Rs 2,000 note. The Reserve Bank said that even after 2 years of being removed from circulation, notes worth Rs 6,017 crore are still in circulation.
Two thousand rupee banknotes are still legal tender. RBI had announced the withdrawal of Rs 2,000 banknotes from circulation on 19 May 2023.
RBI said in a statement that the total value of Rs 2,000 bank notes in circulation as of May 19, 2023 was Rs 3.56 lakh crore, which has come down to Rs 6,017 crore by July 31, 2025. In this way, 98.31 percent of the Rs 2,000 bank notes in circulation as of May 19, 2023 have been returned. The facility of exchanging two thousand rupees bank note is available in 19 issue offices of the Reserve Bank from May 19, 2023.
This is how you can deposit 2,000 rupee notes\
From 9 October 2023, the issue offices of the Reserve Bank are also accepting Rs 2,000 bank notes from individuals / institutions for depositing them in their bank accounts. Apart from this, people are sending Rs 2,000 notes through Indian Post from any post office in the country to any issue office of RBI to deposit them in their bank accounts. These 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.
2,000 note was introduced in 2016
The ₹2000 note was introduced in November 2016 under Section 24(1) of the Reserve Bank of India Act, 1934. Its main purpose was to quickly meet the country’s currency needs when old ₹500 and ₹1000 notes were demonetised. When this purpose was achieved and sufficient number of notes of other denominations became available, printing of ₹2000 notes was discontinued in 2018-19. Most of the ₹2000 notes were issued before March 2017 and have now reached the end of their expected life (4-5 years). It has also been observed that ₹2000 notes are not commonly used in transactions.
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