MONEY
Rs 2,000 banknotes worth Rs 5,817 crore still in circulation: RBI
- IBJ Bureau
- Nov 02, 2025
High-value Rs 2,000 notes worth Rs 5,817 crore are still in circulation, according to the Reserve Bank of India’s (RBI data.
The RBI had announced withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. Yet Rs 2,000 banknotes continue to be legal tender.
In a statement, the central bank has said that the total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of the currency was announced, has declined to Rs 5,817 crore at the close of business on October 31, 2025.
“Thus, 98.37 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned,” it has added.
The facility for the exchange of the Rs 2,000 banknotes has been available at the 19 issue offices of the RBI since May 19, 2023.
From October 9, 2023, RBI issue offices are also accepting Rs 2,000 banknotes from individuals or entities for deposit into their bank accounts.
Further, the public can send Rs 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 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.
The RBI periodically publishes the status of withdrawal of Rs 2,000 banknotes.
Report By
View Reporter News