Indian Currency: RBI issued new notification regarding 2000 rupee note, know whether these notes are valid or illegal

The Reserve Bank of India said that 2,000 rupee notes worth Rs 6,017 crore are still in circulation. 98.31 percent of 2,000 rupee notes have been returned to the RBI.

The Reserve Bank of India (RBI) on Friday gave a big update on the Rs 2,000 note. The Reserve Bank said that even after 2 years of being removed from circulation, notes worth Rs 6,017 crore are still in circulation. Two thousand rupees bank notes still remain legal tender. RBI had announced the withdrawal of Rs 2,000 bank notes from circulation on 19 May 2023.

RBI said in a statement that the total value of Rs 2,000 bank notes in circulation as on 19 May 2023 was Rs 3.56 lakh crore, which has come down to Rs 6,017 crore by 31 July 2025. In this way, 98.31 percent of the Rs 2,000 bank notes in circulation till 19 May 2023 have been returned. The facility to exchange two thousand rupees bank note is available in 19 issue offices of the Reserve Bank from May 19, 2023.

This is how you can deposit 2,000 notes

From October 9, 2023, the issue offices of the Reserve Bank are also accepting Rs 2,000 bank notes from individuals/institutions for depositing them in their bank accounts. Apart from this, people are sending Rs 2,000 notes from any post office in the country through Indian Post to any issue office of RBI to deposit them in their bank accounts. These issue offices are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.

2,000 note came in 2016

₹ 2000 note was issued in November 2016 under Section 24(1) of the Reserve Bank of India Act 1934. The main purpose was to quickly meet the country’s currency needs when the old ₹500 and ₹1000 notes were demonetised. When this purpose was met and sufficient number of notes of other denominations became available, printing of ₹2000 notes was discontinued in 2018-19. Most of the ₹2000 notes were issued before March 2017 and have now reached the end of their expected life (4-5 years). It has also been observed that the ₹2000 note is not commonly used in transactions.

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