The Reserve Bank of India, RBI, on September 2 said 97.96 per cent of the Rs 2000 notes are back in the banking system as on August, 30.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7261 crore at the close of business on August 30, 2024, the RBI said.
Thus, 97.96% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned. 5. The ₹2000 banknotes continue to be legal tender, the RBI said.
The RBI had announced the withdrawal of Rs 2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of Rs 2000 banknotes is periodically published by the RBI.
The facility for deposit and / or exchange of the Rs 2000 banknotes was available at all bank branches in the country upto October 07, 2023.
The facility for exchange of the ₹2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023.
From October 09, 2023, RBI Issue Offices are also accepting Rs 2000 banknotes from individuals / entities for deposit into their bank accounts.
Further, members of the public are sending Rs 2000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts.