Additionally, India Post provides a facility to send Rs 2,000 notes to any RBI issue office for account credit.
Rs 2,000 Notes: 98.45% Returned, RBI Confirms Still Legal Tender
The Reserve Bank of India has confirmed that Rs 2,000 notes continue to be valid legal tender, even as the bulk of these high-denomination notes have been returned. Citizens holding these notes can still use them for transactions while the collection process is ongoing.
For those looking to deposit the currency, the RBI has made arrangements through 19 issue offices across the country, allowing individuals and businesses to deposit the notes directly into their bank accounts. Additionally, India Post provides a facility to send Rs 2,000 notes to any RBI issue office for account credit, ensuring nationwide accessibility.
Since the withdrawal was announced on May 19, 2023, the central bank reports that 98.45 percent of the Rs 2,000 notes in circulation have been collected. At the time of the announcement, notes worth Rs 3.56 lakh crore were circulating. By March 31, 2026, the total value remaining in circulation had dropped to Rs 5,501 crore.
The RBI emphasized that these authorized deposit channels are in place to facilitate smooth collection and ensure that all individuals and organizations have convenient options for returning the high-denomination notes.
