The Reserve Bank of India (RBI) said in its currency update today, that 97.76% of the ₹2,000 banknotes in circulation as on May 19, 2023, when their withdrawal was announced, have now been returned. 

“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 ₹2,000 banknotes was announced, has declined to ₹7,961 crore at the close of business on Apr 30, 2024,” the RBI said.

“The value of these ₹2,000 notes had come down to ₹8,202 crore at the close of business on Mar 29, 2024," the RBI had said on Apr 1 as part of its currency update.

The facility for exchange of the ₹2,000 banknotes has been available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19, 2023.

From Oct 09, 2023, RBI Issue Offices are also accepting ₹2,000 banknotes from individuals/ entities for deposit into their bank accounts.

Further, members of the public are sending ₹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 ₹2,000 banknotes continue to be legal tender, the RBI said.

(Source: IANS)

-Edited for style

Also read:

97.69% of ₹2000 banknotes have been returned: RBI