RBI Provides Update on ₹2000 Note Withdrawal: 98.24% Returned, but ₹6266 Crore Still in Circulation. Learn How to Deposit.
Rs 2000 Notes Still in Circulation?: The Reserve Bank of India (RBI) has clarified that 98.24% of ₹2000 notes have been returned to the banking system since their demonetization on May 19, 2023. However, as of April 30, 2025, approximately ₹6266 crore worth of ₹2000 notes remain in public circulation.
Data on ₹2000 Note Return So Far
According to the RBI, a total of ₹3.56 lakh crore worth of ₹2000 notes were in circulation when the demonetization was announced. A significant portion has been returned; however, some notes remain with the public, indicating the process is not yet complete.
Why Haven't People Deposited ₹2000 Notes Yet?
Despite the withdrawal process, several reasons explain why some people haven't yet deposited their ₹2000 notes. The main reasons include:
- Lack of awareness among some individuals that these notes are no longer legal tender and need to be deposited.
- Some individuals are holding onto the notes for collection purposes.
- Accessibility challenges in reaching RBI offices, particularly in rural and remote areas, have hindered timely deposits.
- Some individuals have misplaced the notes and forgotten about them.
Where and How to Deposit ₹2000 Notes
If you still possess ₹2000 notes, you can deposit them through the following channels:
1. RBI Regional Offices
Notes can be deposited at 19 regional offices located across the country. This service has been operational since May 19, 2023.
2. Bank Account Deposit
From October 9, 2023, the RBI introduced the facility for citizens to directly deposit ₹2000 notes into their bank accounts by visiting an RBI office.
3. Through Post Offices
Individuals who find it difficult to reach an RBI office can deposit the notes through their nearest post office.
4. Urgent Action Required
While no official deadline has been announced, the RBI advises citizens to deposit these notes promptly as they are no longer considered legal tender.
RBI's Clean Note Policy
The Reserve Bank of India's Clean Note Policy aims to ensure the circulation of clean, secure, and high-quality currency in the country. This policy involves the phased withdrawal of soiled, mutilated, and high-value currency. The removal of the ₹2000 note was part of this policy, aiding in controlling counterfeit currency and promoting digital payments.
