https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Two Years After Withdrawal, Rs2,000 Notes Worth Rs6,017 Cr Still with Public: RBI

Despite RBI’s 2023 withdrawal, ₹2,000 notes worth ₹6,017 crore remain with the public. Exchange options still open at RBI offices and via India Post.
Indian Masterminds Stories

New Delhi — Despite the Reserve Bank of India’s (RBI) withdrawal of ₹2,000 denomination banknotes more than two years ago, a total of ₹6,017 crore in such notes is still in circulation, as per the central bank’s latest update.

On May 19, 2023, the RBI had declared that it would phase out ₹2,000 notes under its Clean Note Policy. At the time, ₹2,000 notes valued at ₹3.56 lakh crore were in circulation. As of July 31, 2025, a staggering 98.31% of those notes have been returned to the banking system.

However, the RBI clarified once again that the ₹2,000 notes continue to be legal tender, and can be used for transactions.

read also: RBI Issues New 2025 Directions to Regulate AIF Investments by Banks and NBFCs

Exchange & Deposit Process Still Active

To make the transition easier for the public, the RBI has been offering exchange and deposit facilities at its 19 regional Issue Offices since May 2023. From October 9, 2023, citizens have also been allowed to send ₹2,000 notes via India Post to RBI offices for credit to their bank accounts.

This move ensures accessibility even in rural areas, helping people return the withdrawn currency safely and securely.

Where Can People Exchange Notes?

RBI’s designated Issue Offices are located in:
Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.

Looking Back: Withdrawal Timeline

  • May 19, 2023: RBI announces the withdrawal of ₹2,000 notes
  • Initial Value in Circulation: ₹3.56 lakh crore
  • Value Remaining as of July 31, 2025: ₹6,017 crore
  • Returned Notes: 98.31% of total in circulation

Why Were ₹2,000 Notes Withdrawn?

The RBI introduced ₹2,000 notes in late 2016 after demonetisation to quickly restore liquidity. However, printing of the denomination stopped in 2019, and the withdrawal in 2023 was aimed at optimizing the currency structure and enhancing note quality.

read also: RBI Proposes Tier-Based Relaxations for Urban Cooperative Banks (UCBs), Focus on Financially Sound Institutions – Details Inside

Final Word

While the vast majority of ₹2,000 notes have been successfully withdrawn, the remaining ₹6,017 crore reflects a small fraction still with the public. The RBI continues to urge citizens to deposit or exchange these notes through its ongoing facilities, reaffirming that they remain valid for transactions.

About the Reserve Bank of India

The Reserve Bank of India (RBI), India’s central banking institution, regulates the issuance and supply of the Indian rupee and oversees the country’s monetary policy. It plays a pivotal role in financial supervision, macroeconomic stability, and banking sector reforms. The RBI also issues regulatory directions to ensure robust governance and risk management among financial institutions.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Govt of West Bengal
West Bengal Govt Transfers 34 IFS Officers in Major Reshuffle; New Directors Appointed at Alipore & Darjeeling Zoos - Details Inside
himachal-pradesh
Himachal Govt Transfers 16 IAS Officers in Major Bureaucratic Reshuffle, C. Paulrasu Appointed Secy, Cooperatives, Horticulture & Agriculture
Tamilnadu-police-resized
PIL Filed in Madras High Court Seeking Timely Appointment of New Tamil Nadu DGP - Details Inside
IRS Officers ndian revenue Services
CBDT Announces Promotions of 5 Senior IRS Officers to Chief Commissioner Grade - Details Inside
CM mohan yadav
CM Dr. Mohan Yadav to Lay Foundation Stone for Four Industrial Units in Sehore on August 2
Reserve-Bank-of-India_RBI_resized
Two Years After Withdrawal, Rs2,000 Notes Worth Rs6,017 Cr Still with Public: RBI
Maritime India
Sonowal Says India’s Maritime Sector Charts Green Future Under Maritime India Vision 2030
IRCTC
IRCTC Appoints Manoj Kumar Sharma as Director (Catering Services) with Additional Charge- Know More About Him
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Govt of West Bengal
West Bengal Govt Transfers 34 IFS Officers in Major Reshuffle; New Directors Appointed at Alipore & Darjeeling Zoos - Details Inside
himachal-pradesh
Himachal Govt Transfers 16 IAS Officers in Major Bureaucratic Reshuffle, C. Paulrasu Appointed Secy, Cooperatives, Horticulture & Agriculture
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
WhatsApp Image 2025-07-26 at 13.16
ADVERTISEMENT
ADVERTISEMENT