2000 DENOMINATION BANKNOTES
![Rs 2000 notes: 97.87% returned; Rs 7,581 crore worth notes still with public](https://img.etimg.com/thumb/msid-111401117,width-100,height-75,resizemode-4/news/economy/finance/rs-2000-notes-97-87-returned-rs-7581-crore-worth-notes-still-with-public.jpg)
Rs 2000 notes: 97.87% returned; Rs 7,581 crore worth notes still with public
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, has declined to Rs 7,581 crore at the close of business on June 28, 2024.
![2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation](https://img.etimg.com/thumb/msid-110666930,width-100,height-75,resizemode-4/news/economy/indicators/2-2-pc-of-rs-2000-banknotes-with-value-of-rs-7755-crore-still-in-circulation.jpg)
2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation
Approximately 2.2% or Rs 7,755 crore of Rs 2,000 banknotes are still in circulation, 8 months after the deadline to exchange them. 97.82% of the total value is back in the banking system by May 2024.
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![97.76% of Rs 2000 currency notes returned, says RBI](https://img.etimg.com/thumb/msid-109790599,width-100,height-75,resizemode-4/news/economy/finance/97-76-of-rs-2000-currency-notes-returned-says-rbi.jpg)
97.76% of Rs 2000 currency notes returned, says RBI
The Reserve Bank of India (RBI) reported that 97.76% of the Rs 2000 denomination banknotes have been returned to the banking system, leaving only Rs 7,961 crore with the public. Since the announcement of their withdrawal from circulation on May 19, 2023, the total value of Rs 2000 banknotes has decreased from Rs 3.56 lakh crore to Rs 7,961 crore by April 30, 2024. Despite the withdrawal announcement, Rs 2000 banknotes remain legal tender.
![97.69% of Rs 2,000 currency notes returned: RBI](https://img.etimg.com/thumb/msid-108950119,width-100,height-75,resizemode-4/news/economy/finance/97-69-of-rs-2000-currency-notes-returned-rbi.jpg)
97.69% of Rs 2,000 currency notes returned: RBI
The Reserve Bank of India (RBI) reported that nearly 97.69% of the Rs 2000 denomination banknotes have returned to the banking system, leaving only Rs 8,202 crore worth of withdrawn notes still with the public. The total value of Rs 2000 banknotes in circulation has declined from Rs 3.56 lakh crore on May 19, 2023, when the withdrawal was announced, to Rs 8,202 crore on March 29, 2024.
![RBI announces temporary halt to Rs 2,000 banknote exchange/deposit on April 1](https://img.etimg.com/thumb/msid-108855963,width-100,height-75,resizemode-4/news/economy/finance/rbi-announces-temporary-halt-to-rs-2000-banknote-exchange/deposit-on-april-1.jpg)
RBI announces temporary halt to Rs 2,000 banknote exchange/deposit on April 1
The Reserve Bank of India (RBI) has announced that the facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024, due to operations associated with the annual closing of accounts. This facility will resume on Tuesday, April 2, 2024, at the 19 issue offices of the RBI. The RBI had previously announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.
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RBI says more than 97% of 2,000-rupee notes returned since May 2023
Over 97% of India's 2,000-rupee currency notes, withdrawn in May 2023, have been returned. The total value of banknotes in circulation reduced to 8,470 crore rupees. The return rate is modest compared to the previous report. The 2,000-rupee note remains legally valid tender.
RBI yet to receive ₹2000 notes worth ₹8,897 crore as of Jan 31st
The Reserve Bank of India (RBI) has yet to receive ₹2000 banknotes worth ₹8,897 crore, according to the latest update as of January 31, 2024. The RBI had previously announced the withdrawal of the ₹2000 denomination banknotes from circulation, and the status of this withdrawal is periodically updated. The facility for deposit and exchange of these banknotes is available at RBI Issue Offices, with a significant portion already returned.
Exchange of Rs 2000 note at RBI Mumbai office will not be available tomorrow
The Reserve Bank of India (RBI) informed that owing to operational considerations, the exchange of Rs 2,000 notes will not be available on January 12 at the RBI's Mumbai Regional Office.
You can send Rs 2,000 bank notes via post office to RBI office for direct credit into your bank account
The deposit and/or exchange of Rs 2000 banknotes was initially available at all bank branches in the country until September 30, 2023, and was then extended till October 7, 2023.
Now, you can send Rs 2,000 notes via post directly to RBI
People can now send their Rs 2,000 banknotes to regional offices of RBI via insured post for direct credit in their bank accounts, providing convenience for those unable to visit in person. RBI offers a Triple Lock Receptacle (TLR) form for deposits. The options are secure and eliminate the need to travel to designated branches and stand in queues.
Latest deadline: What is the last date to exchange or deposit Rs 2,000 bank notes?
Rs 2,000 exchange deadline: Members of the public can exchange Rs 2000 banknotes up to to a limit of Rs 20,000 at a time.
Last date to exchange Rs 2000 bank notes extended
The Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 deadline from September 30, 2023.
RBI extends deadline to return Rs 2,000 banknotes till Oct 7
The Reserve Bank of India (RBI) has extended the deadline for exchanging Rs 2,000 notes until October 7, 2023. According to the RBI, about 96% of the Rs 2,000 banknotes have been returned to the banking system since the decision to withdraw the note from circulation. Starting from October 8, all branches will cease the procedure for exchange or deposit of the currency.
Only a month left to exchange Rs 2,000 notes but banks closed for 16 days across states; How to exchange
Rs 2,000 note exchange: The RBI had given four months duration to ensure that the exercise is completed on schedule and to give the public enough time to prepare.
How to exchange Rs 2,000 notes at a bank branch: Step-by-step guide
The facility of exchange of Rs 2000 banknotes across the counter shall be provided to the public in the usual manner, that is, as was being provided earlier, according to the RBI press release.
Going to the bank to exchange Rs 2,000 currency notes? Keep these 4 things in mind
The last date to exchange or deposit Rs 2000 banknotes is September 30, 2023. The general public can visit bank offices to deposit their Rs 2000 banknotes or exchange them for new ones.
93% of Rs 2,000 notes back with banks: RBI
"Data collected from major banks indicate that out of the total banknotes in Rs 2,000 denomination received back from circulation, about 87% is in the form of deposits and the remaining around 13% has been exchanged into other denomination banknotes," the Reserve Bank of India (RBI) said in a statement Friday.
Only two months left to exchange Rs 2000 currency note: A step-by-step guide on how to exchange Rs 2,000 notes at a bank
Approximately 87% of the banknotes in the denomination of 2000 that were returned from circulation, according to data gathered from major banks, are in the form of deposits, while the remaining 13% have been exchanged for banknotes in other denominations.
HC likely to pass order on Monday on PIL against withdrawal of Rs 2,000 banknotes
The Delhi High Court is likely to pronounce on Monday its order on a public interest litigation (PIL) challenging the RBI's decision to withdraw Rs 2,000 denomination banknotes from circulation. Petitioner Rajneesh Bhaskar Gupta has contended that the Reserve Bank of India (RBI) has no power to withdraw Rs 2,000 currency notes from circulation and only the Centre could have taken a decision in this regard.
Almost 40% of surrendered Rs 2,000 return in other denominations
Around 40% of the total Rs 1.8 lakh crore worth of Rs. 2,000 denomination currency has returned to the market in the form of Rs. 500, Rs 200, Rs 100 currency notes, while the remaining is staying put in the banking system. The currency with the public fell by Rs 83,242 crore during the fortnight ended June 02. The central bank's move to withdraw the Rs 2,000 currency note has added to the surplus liquidity in the system, which is estimated at close to Rs 1 lakh crore, according to analysts.
Rs 2,000 note deposit rules: These banks do not levy any service charges
Rs 2,000 withdrawn: The central bank urged the public to deposit Rs 2,000 banknotes into their accounts or exchange them for other denominations. Many banks have set certain rules around deposits and exchanges of Rs 2000 banknotes.
Planning to deposit Rs 2000 banknotes? How to deposit at ICICI Bank cash deposit machine
The deadline to deposit, exchange Rs 2000 is September 30, 2023, according to the Reserve Bank of India (RBI).
Rs 2000 note withdrawal: Is there a limit on Rs 2,000 banknotes that can be deposited or exchanged?
As per the RBI release issued on May 19, 2023, “Accordingly, members of the public may deposit Rs 2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch. Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions.”
RBI defends before Delhi HC Rs 2000 banknote exchange exercise
The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience. Petitioner Upadhyay clarified that he was not challenging the decision to withdraw Rs 2000 banknote but assailed the exchange of the currency without any slip or identity proof.
PIL in HC against exchange of Rs 2,000 banknote without requisition slip, identity proof
The petition said that a large amount of the currency has reached either in individual's locker or has "been hoarded by the separatists, terrorists, Maoists, drug smugglers, mining mafias & corrupt people".
Rs 2,000 notes withdrawn: What should you do with your Rs 2,000 notes? RBI answers all your queries
You can go to any bank branch to deposit and/or exchange you Rs 2,000 banknotes. This exchange facility to deposit Rs 2,000 currency note into accounts and exchange will be available at all banks until September 30, 2023, said RBI. The central bank has released a list of Frequently Answered Questions (FAQs) on it to answer all your queries. Read on.
Rs 2,000 withdrawn: Can Rs 2,000 banknotes be used for normal transactions?
The Reserve Bank of India announced the withdrawal of Rs 2,000 banknotes from circulation. However, it stated that the Rs 2,000 denomination will remain to be legal tender.
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