Archive · 1 Sep 2025
RBI: Rs 2,000 Notes Worth Nearly Rs 6,000 Crore Still Active
The Indian government, through the RBI, decided to stop using Rs 2,000 notes.
People were asked to return them.
Most notes have been returned, but a significant amount, nearly 6,000 crore rupees worth, is still in use.
This announcement was made in May 2023.
You can still exchange these notes at RBI offices.
You can also send the notes to RBI offices via India Post.
The Rs 2,000 notes remain legal tender.
The RBI announced the withdrawal of Rs 2,000 banknotes from circulation on May 19, 2023.
Rs 2,000 banknotes worth Rs 5,956 crore are still in circulation as of August 31, 2025.
98.33% of the Rs 2,000 banknotes have been returned since the announcement.
The facility for exchanging Rs 2,000 banknotes is available at RBI issue offices.
Individuals can deposit or send Rs 2,000 notes to RBI offices through India Post.
- Who
- Reserve Bank of India (RBI)
- What
- Rs 2,000 banknotes worth approximately Rs 6,000 crore are still in circulation.
- When
- As of August 31, 2025, over two years after the withdrawal announcement on May 19, 2023.
- Where
- India
- Why
- RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.
- Total Value in Circulation (May 19, 2023)
- Rs 3.56 lakh crore
- Total Value in Circulation (August 31, 2025)
- Rs 5,956 crore
- Percentage of Notes Returned
- 98.33%
- RBI Withdrawal Announcement Date
- May 19, 2023
- Legal Tender Status
- Rs 2000 banknotes continue to be legal tender
