Archive · 2 Jan 2026
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.
98.41% of Rs 2,000 banknotes in circulation have been returned as of December 31, 2025.
The total value of Rs 2,000 notes in circulation was Rs 3.56 lakh crore on May 19, 2023, and declined to Rs 5,669 crore by December 31, 2025.
The RBI announced the withdrawal of Rs 2,000 denomination banknotes on May 19, 2023.
Banks accepted these notes for deposit or exchange until October 7, 2023, and RBI Issue Offices have been accepting them since October 9, 2023.
Rs 2,000 banknotes continue to be legal tender.
- Who
- Reserve Bank of India (RBI)
- What
- Withdrawal of Rs 2,000 banknotes from circulation
- When
- Withdrawal announced on May 19, 2023; data up to December 31, 2025
- Where
- India
- Why
- To manage currency in circulation and replace high-denomination notes
- Total value in circulation (May 19, 2023)
- Rs 3.56 lakh crore
- Remaining value (December 31, 2025)
- Rs 5,669 crore
- Percentage returned
- 98.41%
- Withdrawal announcement date
- May 19, 2023
- Last date for deposit/exchange at banks
- October 7, 2023
- RBI Issue Offices accepting notes from
- October 9, 2023
- Legal tender status
- Continues to be legal tender
Sources
RBI says 98.41% of withdrawn Rs 2,000 banknotes returned
RBI says 98.41 per cent of withdrawn ₹2000 banknotes returned
RBI withdraws Rs 2000 notes from circulation, to remain as legal tender – What to do if you still own?
98.41% Of ₹2000 Notes Returned, Only ₹5,669 Crore Still In Circulation: RBI
Is Rs 2,000 note still valid in India? Check how to exchange it
Centre debunks rumour on Rs 500 ATM withdrawals by March 2026