₹2000 Banknote Withdrawal Status Update

RBI Press Releases

Published April 1st, 2026

Detected April 2nd, 2026

Summary

The Reserve Bank of India published its periodic status update on the ₹2000 banknote withdrawal. As of March 31, 2026, 98.45% of the ₹2000 notes (worth ₹3.56 lakh crore at inception) have been returned, with only ₹5,501 crore remaining in circulation. The ₹2000 banknotes continue to be legal tender, and exchange facilities remain available at 19 RBI Issue Offices and via India Post.

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What changed

This press release provides the latest status on the RBI's withdrawal of ₹2000 denomination banknotes announced on May 19, 2023. The total value in circulation has declined from ₹3.56 lakh crore to ₹5,501 crore, representing a 98.45% return rate. The remaining ₹2000 notes continue to be accepted for exchange at all 19 RBI Issue Offices and can be mailed via India Post for credit to bank accounts.

No new compliance requirements are imposed. Banks and members of the public who still hold ₹2000 notes can continue to deposit or exchange them at RBI Issue Offices or through India Post. The withdrawal is progressing as planned with no action required from regulated entities beyond existing exchange procedures.

Source document (simplified)

Press Releases

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| Date : Apr 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 March 02, 2026.

The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.
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.
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 ₹5,501 crore at the close of business on March 31, 2026. Thus, 98.45% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.
The ₹2000 banknotes continue to be legal tender.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/6

1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram | | 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 March 02, 2026.

The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.
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.
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 ₹5,501 crore at the close of business on March 31, 2026. Thus, 98.45% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.
The ₹2000 banknotes continue to be legal tender.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/6

1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram |
| 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 March 02, 2026.

The facility for deposit and / or exchange of the ₹2000 banknotes was available at all bank branches in the country upto October 07, 2023.
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.
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 ₹5,501 crore at the close of business on March 31, 2026. Thus, 98.45% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.
The ₹2000 banknotes continue to be legal tender.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/6

1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram | |