98.35% of Rs 2000 Notes Withdrawn: Only Rs 5,884 Crore Still in Circulation, Says RBI

According to official data released on Wednesday, Rs 2000 denomination banknotes amounting to Rs 5,884 crore remain in circulation across India.

On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation, though these notes continue to maintain their status as legal tender.

The central bank issued a statement revealing that the total value of Rs 2000 banknotes in circulation has dramatically decreased from Rs 3.56 lakh crore (as recorded at the close of business on May 19, 2023) to Rs 5,884 crore (as of the close of business on September 30, 2025).

"This indicates that 98.35 percent of the Rs 2000 banknotes that were in circulation on May 19, 2023, have been returned to the banking system," the statement clarified.

Since the announcement, facilities for exchanging Rs 2000 banknotes have been available at 19 RBI issue offices across the country.

Starting October 9, 2023, these RBI issue offices have also been accepting Rs 2000 banknotes from individuals and entities for direct deposit into their bank accounts.

Additionally, the public has the option to send Rs 2000 banknotes through India Post from any post office within the country to any of the designated RBI issue offices for crediting to their bank accounts.

The RBI issue offices handling these transactions are located in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.