Do you still possess a 2000 rupee note? The Reserve Bank of India has released a report on this matter, indicating that 100% of the two thousand denomination notes are still not deposited with the bank. The RBI announced that 98.08 percent of the 2,000 rupee notes have been deposited back into banks. Currently, only Rs 6,839 crore in withdrawn notes remains in the hands of the public.
RBI declared the cessation of Rs 2,000 denomination banknotes from circulation
On May 19 last year, the RBI declared the cessation of Rs 2,000 denomination banknotes from circulation. In a statement, the central bank announced that as of May 19, 2023, the total worth of Rs 2,000 notes in circulation amounted to Rs 3.56 lakh crore. This sum fell to Rs 6,839 crore on November 29, 2024. The RBI stated that thus far, 98.08 percent of the Rs 2,000 currency notes in circulation until May 19, 2023, have been returned.
The option to swap these notes remains accessible in 19 issuing offices of the Reserve Bank
The option to deposit or exchange two thousand rupee banknotes was offered at all bank branches across the country until October 7, 2023. Nonetheless, the option to swap these notes remains accessible in 19 issuing offices of the Reserve Bank. Starting from 9 October 2023, RBI’s issue offices are permitting individuals and organizations to deposit Rs 2,000 banknotes into their bank accounts. In addition, individuals can also mail Rs 2,000 banknotes to any RBI issue office via Indian Post within the nation.
These funds are placed into their banking account. The 19 RBI offices for depositing/exchanging banknotes are situated in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. It is important to mention that in November 2016, following the demonetisation of Rs 1,000 and Rs 500 banknotes, Rs 2,000 banknotes were introduced.