Reserve Bank Of India / There are still so many crores of ₹2000 notes in the market, RBI gave new information

According to the Reserve Bank of India (RBI), Rs 2000 notes, which were introduced after the 2016 demonetisation, have now returned 98.29%. As of June 30, 2025, Rs 6,099 crore worth of notes are still in the market, which remain legal tender.

Reserve Bank Of India: The Reserve Bank of India (RBI) has issued an important update regarding the Rs 2000 note. According to the latest data, even though these notes were announced to be taken out of circulation two years ago, Rs 6,099 crore worth of Rs 2000 notes are still present in the market. These notes are still valid as legal tender and can be used in transactions.

The journey of return of Rs 2000 note

On 19 May 2023, RBI had announced the removal of Rs 2000 note from circulation. At that time, Rs 2000 notes worth Rs 3.56 lakh crore were in circulation in the market. Now, as of 30 June 2025, the total value of these notes has come down to Rs 6,099 crore. That is, 98.29% of the notes of that time have been deposited back in the banks. Nevertheless, notes worth thousands of crores of rupees are still present with the people or in the market.

Facility to deposit notes still available

RBI has clarified that the facility to deposit or exchange Rs 2000 notes was earlier available in all banks till 7 October 2023. But even now people can deposit or exchange these notes in 19 issue offices of RBI. Apart from this, the facility of depositing these notes in bank accounts has also been started in the issue office of RBI from 9 October 2023.

You can also deposit notes through post office

RBI has provided another convenient option for those who cannot reach the bank or RBI office. Now you can send Rs 2000 note from any post office in the country to any issue office of RBI. From there these notes will be deposited in your bank account. This facility is proving to be very useful especially for the people living in rural and remote areas.

Reason for Removal of Rs 2000 Note

According to RBI, the Rs 2000 note had served its purpose. These notes were introduced in the market after demonetisation in 2016 to overcome the cash crunch. But now, when smaller value notes are available in sufficient quantity, RBI decided to gradually remove the Rs 2000 note. However, these notes are still legal tender and can be used in transactions.