RBI gives new update on ₹2,000 note! Notes worth Rs 8,897 crore still with the public

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2,000 Rupees Note: RBI said that about 97.5 percent of the Rs 2,000 notes have returned to the banking system, while such notes worth Rs 8,897 crore are still available with the public.

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Reserve Bank of India i.e. RBI has given a big update regarding the note of Rs 2000 on Thursday. RBI said that about 97.5 percent of the Rs 2,000 notes have returned to the banking systems. The central bank said that only Rs 8,897 crore worth of notes are still with the public. Let us tell you that on May 19, 2023, RBI had announced to withdraw bank notes of Rs 2,000 denomination from circulation.

The central bank said in a statement, “When the withdrawal of Rs 2,000 bank notes was announced on May 19, 2023, at the close of business on that day, a total of Rs 3.56 lakh crore worth of such notes were in circulation, while 31 lakh crore were in circulation.” At the close of business on January 2024, this amount reduced to Rs 8,897 crore.

Bank notes of Rs 2,000 will remain legal tender. 
Thus, 97.5 percent of the total bank notes of Rs 2,000 in circulation till May 19, 2023 have been returned. “Rs 2,000 bank notes will continue to be legal tender,” RBI said.

Rs 2,000 notes can also be sent to RBI through India Post.

People can deposit or exchange Rs 2,000 bank notes in 19 RBI offices across the country. People can send Rs 2,000 bank notes through India Post from any post office to any RBI office for depositing in their bank accounts in India.

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