RegAlertReport · RBI · 1 May 2026
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India reports that the total value of ₹2000 banknotes in circulation has declined to ₹5,451 crore as of April 30, 2026, representing a 98.47% return since the withdrawal announcement on May 19, 2023. The deposit and exchange facility at all bank branches ended on October 7, 2023, but exchange services remain available at 19 RBI Issue Offices since May 19, 2023. Additionally, these offices accept deposits into bank accounts from individuals and entities starting October 9, 2023, and the public may send notes via India Post for credit to their accounts. Despite the withdrawal process, ₹2000 banknotes continue to be legal tender.
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( 213 kb ) Date : May 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 April 01, 2026 .
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The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.
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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.
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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 ₹5,451 crore at the close of business on April 30, 2026. Thus, 98.47% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.
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The ₹2000 banknotes continue to be legal tender.
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/190
1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram
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