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Rs. 2,000 Notes Worth Rs. 8,470 cr Yet to Come Back to System: RBI

HUBBALLI, Mar 1: The Reserve Bank of India (RBI) on Friday, March 1 said that Rs. 8,470 crore of Rs. 2,000 banknotes are yet to be returned to the banking system. It can be recalled here that Rs. 2,000 notes were withdrawn from circulation from May last year.

According to a press release issued by the RBI, 97.62 percent of the Rs 2,000 currency notes, that is Rs. 3.56 lakh crore was returned to the banking system at the close of business on May 19, 2023, when the withdrawal was announced.

It has now declined to Rs. 8,470 crore at the close of business on February 29,2024, the RBI said.

Where to Exchange Rs. 2,000 Currency Notes?

RBI Issue Offices are accepting Rs. 2,000 currency notes from individuals or entities for deposit into their bank accounts. Also, individuals are sending Rs. 2,000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts.

“The Rs. 2,000 banknotes continue to be legal tender,” the RBI said.

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