New Delhi, In a recent announcement, the Reserve Bank of India (RBI) disclosed that ₹2000 denomination notes worth ₹9760 crore have not been deposited or exchanged, constituting 97.26% of the banknotes in circulation on May 19, 2023. The RBI had earlier declared the withdrawal of ₹2000 notes from circulation on May 19.
As of November 30, 2023, the total value of ₹2000 banknotes in circulation has decreased from ₹3.56 lakh crore to ₹9760 crore. The apex bank stated, “Thus, 97.26% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.”
The RBI had allowed the public to deposit or exchange ₹2000 banknotes at all bank branches, extending the initial deadline from September 30, 2023, to October 7, 2023. The legal tender status of ₹2000 notes was reiterated by the RBI.
While the last date for exchange expired on October 7, the facility continues at the RBI’s 19 offices. Additionally, individuals can send ₹2000 banknotes through India Post to any RBI Issue Office for credit to their bank accounts.
