Updated 1 April 2025 at 19:03 IST
RBI: 98.21% of ₹2000 Banknotes Returned to Banking System
The Reserve Bank of India (RBI) announced that an impressive 98.21% of ₹2000 denomination banknotes in circulation as of May 19, 2023, returned to their system.
New Delhi: The Reserve Bank of India ( RBI ) in a press release has announced that an impressive 98.21% of ₹2000 denomination banknotes in circulation as of May 19, 2023, have been returned to their banking system. This announcement, made on Tuesday, highlights the success of the withdrawal process initiated by the RBI.
Rs 2000 Banknotes Returned
Initially, ₹3.56 lakh crore worth of ₹2000 notes were in circulation. As of March 31, 2025, this figure has significantly reduced to ₹6,366 crore. The RBI had provided ample opportunities for the public to deposit or exchange these notes, with facilities available at bank branches until October 7, 2023. Even after this period, the RBI's 19 issue offices continued to accept the notes for deposit, ensuring a smooth transition.
The ₹2000 notes remain legal tender, and individuals can still deposit them through RBI issue offices or via India Post.
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Published By : Rishi Shukla
Published On: 1 April 2025 at 19:02 IST