RBI data on Rs 2000 Note: According to the information received from RBI data, even after two years of withdrawal of these notes, notes worth Rs 6,266 crore are still in circulation. RBI has decided to withdraw Rs 2,000 notes on May 19, 2023…
The Reserve Bank of India (RBI) has given an update on the Rs 2000 note which has been withdrawn from circulation. The Reserve Bank said that even after two years of withdrawal of these notes, notes worth Rs 6,266 crore are still in circulation. This information was received from RBI data. Two thousand rupee bank notes remain legal tender. RBI had announced the removal of Rs 2,000 bank notes from circulation on May 19, 2023. RBI said in a statement on Friday that as of April 30, 2025, a total of Rs 6,266 crore worth of two thousand rupees notes are currently in circulation.
As of May 19, 2023, the total value of Rs 2,000 banknotes in circulation at that time was Rs 3.56 lakh crore. The central bank said, “Thus, 98.24 percent of the Rs 2,000 banknotes in circulation as of May 19, 2023 have been returned.”
The return date was till October 2023
The facility of depositing or exchanging two thousand rupees bank note was available in all bank branches of the country till October 7, 2023. The facility of exchanging the Rs 2,000 bank note withdrawn from circulation is available in 19 issue offices of the Reserve Bank from May 19, 2023.
RBI’s issue offices are also accepting Rs 2,000 banknotes from people and entities for depositing them in their bank accounts from October 9, 2023. Apart from this, people can also send Rs 2,000 notes to any RBI issue office through Indian Post within the country. This money gets deposited in their bank account.
According to RBI, the usage of ₹2000 notes was decreasing in the market. These notes were being used for depositing or hiding large amounts. Due to these reasons, the Reserve Bank discontinued the 2000 notes.
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