Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions

The document consolidates instructions regarding the withdrawal of ₹2000 denomination banknotes from circulation, confirming that these notes continue to be legal tender. It specifies that the facility for exchange or deposit of these banknotes is available to individuals and entities at 19 Reserve Bank of India Issue Offices from October 09, 2023, until further advice. This consolidation updates previous circulars, with one remaining in-vogue and others withdrawn or partially applicable.

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( 176 kb ) Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions

RBI/2026-27/107 DCM(Plg) No.S736/10.02.060/2026-27

June 09, 2026

The Chairman / Managing Director / Chief Executive Officer All Banks

Madam / Dear Sir,

Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions

The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of the RBI Act, 1934. Thereafter, in pursuance of the “Clean Note Policy” of the Reserve Bank of India, on May 19, 2023 , it was decided to withdraw ₹2000 denomination banknotes from circulation.

Facility for exchange/ deposit of the ₹2000 denomination banknotes was extended to members of the public through bank branches across the country till October 07, 2023. Since October 09, 2023, the facility for exchange/ deposit of the ₹2000 banknotes is available for individuals / entities at the 19 RBI Issue Offices 1 , and the same shall be available till further advice. ₹2000 denomination banknotes continue to be legal tender.
This consolidates the instructions issued earlier on the subject, as detailed hereunder 2 .

Yours faithfully

(Sanjeev Prakash) Chief General Manager-In-Charge 1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram 2

Related notifications:

SL.

Subject

Circular No.

Date

Withdrawn/ In-vogue/ Partially applicable

₹2000 Denomination Banknotes – Withdrawal from Circulation – Review

RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24

September 30, 2023

In-vogue

₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender

RBI/2023-24/33 DCM(Plg) No.S-239/10.27.00/2023-24

May 22, 2023

Withdrawn

₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender

RBI/2023-24/32 DCM(Plg) No.S-236/10.27.00/2023-24

May 19, 2023

Partially applicable

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Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions

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