Archive · 2 Jan 2026

RBI: 98.41% of Rs 2,000 notes returned

RBI: 98.41% of Rs 2,000 notes returned

The Reserve Bank of India (RBI) said that almost all of the Rs 2,000 notes that were in people's hands have been returned.

When they announced that these notes would no longer be used on May 19, 2023, there were Rs 3.56 lakh crore worth of these notes in circulation.

By December 31, 2025, only Rs 5,669 crore worth of these notes were left, meaning 98.41% of them had been returned.

People could deposit or exchange these notes at bank branches until October 7, 2023.

After that, the RBI's offices started accepting them for deposit into bank accounts.

You can also send these notes through India Post to the RBI offices.

Even though these notes are being taken out of circulation, they are still legal tender, meaning you can still use them.

Sources