The Reserve Bank of India (RBI) has disclosed that 97.76% of the Rs 2000 denomination banknotes have been reabsorbed into the banking system, leaving only Rs 7,961 crore in circulation with the public. Since the announcement of their withdrawal from circulation on May 19, 2023, the total value of Rs 2000 banknotes has significantly decreased.
The RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023. As of April 30, 2024, the total value of Rs 2000 banknotes in circulation has plummeted from Rs 3.56 lakh crore to Rs 7,961 crore.
Despite the withdrawal announcement, Rs 2000 banknotes remain legal tender.
The 19 RBI offices facilitating the deposit/exchange of Rs 2000 banknotes are located in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.
The Rs 2000 banknotes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1000 and Rs 500 banknotes.
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