**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 01, 2026, provides an update on the withdrawal of ₹2000 denomination banknotes. The RBI initially announced the withdrawal on May 19, 2023, and has been periodically publishing status updates, with the last release on December 01, 2025. While the facility for deposit and exchange at all bank branches ended October 07, 2023, exchange and deposit remain available at RBI Issue Offices and through India Post.
**Key Points / Main Content**
* **Withdrawal Announcement:**
* RBI announced the withdrawal of ₹2000 banknotes on May 19, 2023 (Press Release 2023-2024/257).
* RBI periodically publishes status updates on the withdrawal process.
* **Deposit/Exchange Facilities:**
* The facility for deposit and exchange at all bank branches concluded on October 07, 2023.
* Exchange is available at 19 RBI Issue Offices since May 19, 2023.
* Since October 09, 2023, RBI Issue Offices are accepting ₹2000 banknotes for deposit from individuals/entities.
* The public can also send ₹2000 banknotes via India Post to any RBI Issue Office for credit to their bank accounts.
* **Value of Banknotes in Circulation:**
* ₹2000 banknotes in circulation have decreased from ₹3.56 lakh crore (May 19, 2023) to ₹5,669 crore (December 31, 2025).
* 98.41% of the ₹2000 banknotes in circulation as of May 19, 2023, has been returned.
* **Legal Tender:**
* The ₹2000 banknotes continue to be legal tender.
**Impact Analysis**
**General Public**
* **Impact:** The general public can still deposit and exchange ₹2000 banknotes at the 19 RBI Issue Offices or through India Post.
* **Action Required:** If holding ₹2000 banknotes, deposit or exchange through designated channels.
**Banks**
* **Impact:** General bank branches are no longer mandated to exchange or deposit ₹2000 banknotes since October 07, 2023.
* **Action Required:** Banks do not need to do anything.
**India Post**
* **Impact:** Facilitate the sending of ₹2000 banknotes from the public to any RBI Issue Office for credit to bank accounts.
* **Action Required:** Continue facilitating the transfer of ₹2000 notes to RBI Issue Offices.
**RBI Issue Offices**
* **Impact:** Responsible for continuing to provide exchange and deposit facilities for ₹2000 banknotes.
* **Action Required:** Maintain exchange and deposit facilities for ₹2000 banknotes.
Key Entities Referenced
₹2000 Denomination Banknotes: Subject of the withdrawal announcement; an Indian currency note.
Reserve Bank of India (RBI): The central bank of India, responsible for issuing the press release and managing the withdrawal.
Press Release 2023-2024/257: The original press release announcing the withdrawal of ₹2000 banknotes.
RBI Issue Offices: Designated offices of the Reserve Bank of India where exchange of ₹2000 banknotes is facilitated.
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