As of December 01, 2025, the Reserve Bank of India (RBI) has been periodically publishing the status of withdrawal of ₹2000 denomination banknotes since the initial announcement via Press Release 2023-2024/257 dated May 19, 2023. The last press release was published on November 01, 2025.
The facility for deposit and/or exchange of ₹2000 banknotes was available at all bank branches in the country until October 07, 2023. Since May 19, 2023, the exchange facility has been available at 19 RBI Issue Offices. From October 09, 2023, RBI Issue Offices began accepting ₹2000 banknotes for deposit into bank accounts from individuals/entities. The public can also send ₹2000 banknotes through India Post from any post office to RBI Issue Offices for credit to their bank accounts.
The total value of ₹2000 banknotes in circulation has decreased from ₹3.56 lakh crore on May 19, 2023, to ₹5,743 crore on November 29, 2025, meaning 98.39% of the ₹2000 banknotes in circulation as of May 19, 2023, have been returned. The ₹2000 banknotes continue to be legal tender.
This information was released by Chief General Manager Brij Raj via press release 2025-2026/1603. For inquiries, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 or call 022 - 2266 0502, or email helpdoc@rbi.org.in. Website: www.rbi.org.in.
RBI Issue Offices are located in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, which announced the withdrawal of ₹2000 denomination banknotes.
₹2000 denomination banknotes: Banknotes withdrawn from circulation by the RBI.
Press Release 2023-2024/257: The initial RBI press release announcing the withdrawal of ₹2000 denomination banknotes.
RBI Issue Offices: 19 issue offices of the Reserve Bank, where the exchange facility of ₹2000 banknotes is available.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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
December 01, 2025
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 November 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 ₹5,743 crore at the close of business on November 29,
2025. Thus, 98.39% 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: 2025-2026/1603 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