RBI Says Rs 9330 Crore of 2000 Notes Yet to Return

HYDERABAD: The Reserve Bank of India (RBI) on Monday said that banks have received 97.38 per cent of the Rs 2,000 denomination banknotes in circulation and only Rs 9330 crore worth of such notes are remaining with the public. The RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation on May 19.

“The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹9,330 crore at the close of business on December 29, 2023. Thus, 97.38% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned,” said the RBI in a statement.

People can still deposit and/or exchange Rs 2,000 bank notes at the 19 RBI offices across the country. People can also send Rs 2,000 bank notes through India Post from any post office, to any of the RBI Issue Offices for credit to their bank accounts in India. The Rs 2000 banknotes continue to be legal tender, said the RBI.