Archive · 2 Oct 2025
RBI: 98.35% of ₹2000 Notes Returned, Remain Legal Tender
The Reserve Bank of India (RBI) is removing ₹2000 notes from circulation.
In May 2023, they started this process, and as of September 2025, most of the notes have been returned.
However, ₹5,884 crore worth of these notes are still being used.
Despite the withdrawal, these notes remain legal tender, meaning they can be used for payments.
The RBI introduced these notes in 2016, but printing stopped in 2018-19 as other denominations became sufficient.
RBI announced the withdrawal of ₹2000 banknotes in May 2023.
₹2000 banknotes remain legal tender.
₹5,884 crore worth of ₹2000 notes are still in circulation as of September 30, 2025.
98.35% of the ₹2000 banknotes have been returned since the announcement.
The printing of ₹2000 notes stopped in 2018-19.
- Who
- Reserve Bank of India (RBI)
- What
- ₹2000 banknotes worth ₹5,884 crore are still in circulation.
- When
- As of September 30, 2025; Withdrawal announced May 2023
- Where
- India
- Why
- To manage currency and phase out the ₹2000 note after its initial purpose was met.
- RBI Announcement
- Withdrawal of ₹2000 notes in May 2023
- Total Value in Circulation (May 2023)
- ₹3.56 lakh crore
- Value of ₹2000 notes still in circulation (Sept 2025)
- ₹5,884 crore
- Percentage of notes returned
- 98.35%
- Legal Tender Status
- Continues to be legal tender
