**Executive Summary**
This press release from the Reserve Bank of India (RBI) provides an update on the withdrawal of ₹2000 denomination banknotes. The withdrawal was announced on May 19, 2023, and the status is periodically published by the RBI. The last press release in this regard was published on December 01, 2025.
**Key Points / Main Content**
* **Withdrawal Status:**
* The RBI announced the withdrawal of ₹2000 banknotes on May 19, 2023.
* The status of withdrawal is periodically published.
* As of December 31, 2025, ₹5,669 crore worth of ₹2000 banknotes remain in circulation, down from ₹3.56 lakh crore on May 19, 2023.
* 98.41% of the ₹2000 banknotes in circulation as of May 19, 2023, has been returned.
* **Facilities for Deposit and Exchange:**
* The facility to deposit and/or exchange ₹2000 banknotes at all bank branches in the country was available until October 07, 2023.
* The facility for exchange is available at the 19 Issue Offices of the RBI since May 19, 2023.
* From October 09, 2023, RBI Issue Offices are also accepting ₹2000 banknotes for deposit into bank accounts.
* The public can send ₹2000 banknotes through India Post to any RBI Issue Office for credit to their bank accounts.
* **Legal Tender Status:**
* ₹2000 banknotes continue to be legal tender.
**Impact Analysis**
**General Public**
* **Impact:** The public is informed about the withdrawal status of ₹2000 banknotes and the facilities available for exchange or deposit.
* **Action Required:** The public should be aware that ₹2000 banknotes continue to be legal tender.
**Banks**
* **Impact:** Banks are impacted by the changing levels of 2000-rupee notes in circulation.
* **Action Required:** Banks must continue accepting ₹2000 notes as legal tender.
Key Entities Referenced
₹2000 Denomination Banknotes: Subject of the announcement: Withdrawal and status of ₹2000 denomination banknotes
Reserve Bank of India (RBI): Issuer of the press release regarding the withdrawal of ₹2000 denomination banknotes and regulator of banks in India.
Press Release 2023-2024/257 dated May 19, 2023: Previous press release announcing the withdrawal of ₹2000 banknotes.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 01, 2026
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000
denomination banknotes from circulation vide Press Release 2023-2024/257 dated
May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published
by the RBI. The last press release in this regard was published on December 01, 2025.
2. The facility for deposit and / or exchange of the ₹2000 banknotes was available at
all bank branches in the country upto October 07, 2023.
3. The facility for exchange of the ₹2000 banknotes is available at the 19 Issue Offices
of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023. From October 09, 2023,
RBI Issue Offices are also accepting ₹2000 banknotes from individuals / entities for
deposit into their bank accounts. Further, members of the public are sending ₹2000
banknotes through India Post from any post office within the country, to any of the RBI
Issue Offices for credit to their bank accounts.
4. The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the
close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was
announced, has declined to ₹5,669 crore at the close of business on December 31,
2025. Thus, 98.41% of the ₹2000 banknotes in circulation as on May 19, 2023, has
since been returned.
5. The ₹2000 banknotes continue to be legal tender.
(Brij Raj)
Press Release: 2025-2026/1826 Chief General Manager
1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu,
Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram