97.38 percent of Rs 2000 notes back with RBI

The Reserve Bank has managed to get back almost the entire stock of Rs 2000 notes in the country. 97.38 percent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned, a release by the Reserve Bank of India said. The ₹2000 banknotes continue to be legal tender the central bank clarified.

The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹9,330 crore at the close of business on December 29, 2023, RBI said

The facility for exchange of the ₹2000 banknotes is available at the 19 Issue offices of the Reserve Bank since May 19, 2023. From October 09, 2023 these offices are also accepting ₹2000 banknotes from account holders for deposit into their bank accounts. Besides, residents are also sending ₹2000 banknotes through India Post from any post office in the country, to any of the RBI Issue Offices for credit to their bank accounts. The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.