RBI: RBI has revealed that even after two and a quarter years of the announcement of withdrawal of Rs 2000 notes, notes worth Rs 5,956 crore are in circulation in the market. These notes were taken out of circulation in May 2023, but still 1.67 of % notes remain. RBI said that these notes are legal tender and can be deposited in bank accounts through its issue offices and post offices. The Rs 2000 notes issued after demonetization are now gradually being withdrawn from circulation.

RBI: The Reserve Bank of India (RBI) has revealed that Rs 2,000 notes are still in circulation even after two and a quarter years of the announcement of withdrawal. As of August 31, the total value of such notes was Rs 5,956 crore. When the RBI announced its withdrawal on 19 May 2023, notes worth Rs 3.56 lakh crore were in circulation.

Only 98.33% notes returned

According to the RBI, so far 98.33% of the Rs 2,000 denomination notes have been returned. Despite this, the remaining notes are still in circulation. However, these notes have not been officially made illegal and are still considered legal tender.

Rs 2000 notes issued after demonetisation

Rs 2,000 notes were introduced in the market after the announcement of demonetisation in November 2016. Their purpose was to deal with the then currency crisis and keep the transactions smooth.

Facility to exchange and deposit notes

The RBI has clarified that citizens can exchange Rs 2,000 notes at its 19 issue offices. From 9 October 2023, these notes can also be deposited directly into bank accounts. Apart from this, these notes can also be sent to RBI offices through the postal department and deposited in the account.

List of 19 Issue Offices of RBI

Ahmedabad: Reserve Bank of India, Issue Department, Lal Darwaza, Ahmedabad – 380001, Gujarat

Bengaluru: Reserve Bank of India, Issue Department, Nrupatanga Road, Bengaluru – 560001, Karnataka

Bhopal: Reserve Bank of India, Issue Department, Hoshangabad Road, Bhopal – 462011, Madhya Pradesh

Bhubaneswar: Reserve Bank of India, Issue Department, Pandit Jawaharlal Nehru Marg, Bhubaneswar – 751001, Odisha

Chandigarh: Reserve Bank of India, Issue Department, Central Vista, Sector 17, Chandigarh – 160017

Chennai: Reserve Bank of India, Issue Department, Fort Glacis, Rajaji Salai, Chennai – 600001, Tamil Nadu

Guwahati: Reserve Bank of India, Issue Department, Station Road, Guwahati – 781001, Assam

Hyderabad: Reserve Bank of India, Issue Department, Saifabad, Hyderabad – 500004, Telangana

Jaipur: Reserve Bank of India, Issue Department, Tonk Road, Jaipur – 302004, Rajasthan

Jammu: Reserve Bank of India, Issue Department, Rail Head Complex, Jammu – 180012, Jammu & Kashmir

Kanpur: Reserve Bank of India, Issue Department, Mall Road, Kanpur – 208001, Uttar Pradesh

Kochi: Reserve Bank of India, Issue Department, Ernakulam North, Kochi – 682018, Kerala

Kolkata: Reserve Bank of India, Issue Department, 15, Netaji Subhash Road, Kolkata – 700001, West Bengal

Lucknow: Reserve Bank of India, Issue Department, 8-9 Vipin Khand, Gomti Nagar, Lucknow – 226010, Uttar Pradesh

Mumbai: Reserve Bank of India, Issue Department, Main Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001, Maharashtra

Nagpur: Reserve Bank of India, Issue Department, Main Office Building, Dr. Raghavendra Rao Road, Civil Lines, Nagpur – 440001, Maharashtra

New Delhi: Reserve Bank of India, Issue Department, 6, Sansad Marg, New Delhi – 110001

Patna: Reserve Bank of India, Issue Department, South Gandhi Maidan, Patna – 800001, Bihar

Thiruvananthapuram: Reserve Bank of India, Issue Department, Bakery Junction, P.B. No. 6507, Thiruvananthapuram – 695033, Kerala

2000 notes in the market

The latest RBI data shows that most of the 2,000 rupee notes have been returned, but still notes worth crores are still present in the market. It is clear that complete return will take more time.

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