The Reserve Bank of India has said that 98.47 per cent of the 2,000 rupees denomination banknotes in circulation have been returned, nearly three years after it announced their withdrawal. The central bank had declared the withdrawal of Rs 2,000 notes from circulation on May 19, 2023, as part of its currency management exercise. At that time, the total value of such notes in circulation stood at 3.56 lakh crore rupees.
According to the latest data, this figure has now sharply declined to 5,451 crore rupees as of April 30, 2026. The facility to exchange 2,000 rupees banknotes has been available at 19 RBI issue offices since the withdrawal announcement. The RBI also clarified that despite their withdrawal and return, the 2,000 rupees banknotes continue to remain legal tender.
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