Search icon
Download the all-new Republic app:
NIFTY 50 23,616.05 Down stock -388.70 (-1.62%)
NIFTY 100 24,404.60 Down stock -475.25 (-1.91%)
NIFTY 500 22,225.40 Down stock -482.75 (-2.13%)
NIFTY MIDCAP 50 15,748.30 Down stock -433.30 (-2.68%)
INDIA VIX 15.65 up stock 2.11 (15.58%)
NIFTY MIDCAP 150 20,879.65 Down stock -539.65 (-2.52%)
NIFTY SMALLCAP 50 8,736.40 Down stock -276.35 (-3.07%)
NIFTY BANK 49,922.00 Down stock -1066.80 (-2.09%)
NIFTY AUTO 23,482.20 Down stock -522.80 (-2.18%)
NIFTY FMCG 56,714.40 Down stock -1102.60 (-1.91%)
NIFTY IT 43,674.85 Down stock -51.70 (-0.12%)
NIFTY MEDIA 1,811.35 Down stock -50.40 (-2.71%)
NIFTY METAL 8,455.50 Down stock -274.45 (-3.14%)
NIFTY PHARMA 23,073.05 Down stock -190.45 (-0.82%)
NIFTY PRIVATE BANK 24,489.80 Down stock -528.30 (-2.11%)
NIFTY REALTY 1,012.05 Down stock -33.05 (-3.16%)
NIFTY OIL & GAS 10,726.90 Down stock -319.75 (-2.89%)
NIFTY COMMODITIES 8,027.35 Down stock -256.40 (-3.10%)
NIFTY ENERGY 34,731.15 Down stock -1162.90 (-3.24%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 23,616.05 Down stock -388.70 (-1.62%)
NIFTY 100 24,404.60 Down stock -475.25 (-1.91%)
NIFTY 500 22,225.40 Down stock -482.75 (-2.13%)
NIFTY MIDCAP 50 15,748.30 Down stock -433.30 (-2.68%)
INDIA VIX 15.65 up stock 2.11 (15.58%)
NIFTY MIDCAP 150 20,879.65 Down stock -539.65 (-2.52%)
NIFTY SMALLCAP 50 8,736.40 Down stock -276.35 (-3.07%)
NIFTY BANK 49,922.00 Down stock -1066.80 (-2.09%)
NIFTY AUTO 23,482.20 Down stock -522.80 (-2.18%)
NIFTY FMCG 56,714.40 Down stock -1102.60 (-1.91%)
NIFTY IT 43,674.85 Down stock -51.70 (-0.12%)
NIFTY MEDIA 1,811.35 Down stock -50.40 (-2.71%)
NIFTY METAL 8,455.50 Down stock -274.45 (-3.14%)
NIFTY PHARMA 23,073.05 Down stock -190.45 (-0.82%)
NIFTY PRIVATE BANK 24,489.80 Down stock -528.30 (-2.11%)
NIFTY REALTY 1,012.05 Down stock -33.05 (-3.16%)
NIFTY OIL & GAS 10,726.90 Down stock -319.75 (-2.89%)
NIFTY COMMODITIES 8,027.35 Down stock -256.40 (-3.10%)
NIFTY ENERGY 34,731.15 Down stock -1162.90 (-3.24%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 20:45 IST, January 1st 2025

Rs 2000 Notes Withdrawal: 98.12% Notes Returned To RBI - Is It Still A Legal Tender?

98.12% of Rs 2000 notes returned; Rs 6,691 crore still in public hands, says RBI.

2000 note | Image: PTI

The Reserve Bank on Wednesday said 98.12 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,691 crore worth such notes are still with the public.

On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation.

The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, declined to Rs 6,691 crore at the close of business on December 31, 2024, RBI said.

"Thus, 98.12 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement.

The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches till October 7, 2023. However, this facility is still available at the 19 issue offices of the Reserve Bank.

From October 9, 2023, the RBI issue offices are also accepting Rs 2000 banknotes from individuals and entities for deposit into their bank accounts.

Further, members of the public can also send Rs 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.

The Rs 2000 banknotes continue to be legal tender.

The 19 RBI offices depositing/exchanging the banknotes are 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.

Updated 20:45 IST, January 1st 2025

LIVE TV

Republic TV is India's no.1 English news channel since its launch.

Search icon
Home
Live TV
Markets
News
Companies
Economy
Auto
Money
Technology
Top Voice
Deep Scroll
Videos
Interview
Life
Web Stories
Opinion
Industry
Union Budget 2024-25
Download the all-new Republic app: