The Reserve Bank of India Saturday said 98.18% of the Rs 2,000 banknotes have been returned to the banking system.

Only  Rs 6,471 crore worth such notes are still with the public, the central bank further stated.

On 19 May 2023, the RBI announced the withdrawal of Rs 2,000 denomination banknotes from circulation.

The total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on 19 May 2023 declined to Rs 6,471 crore at the close of business on 28 February 2025, RBI said.

"Thus, 98.18% of the Rs 2,000 banknotes in circulation as on 19 May 2023 has since been returned," it said in a statement.

The facility for deposit and/or exchange of the Rs 2,000 banknotes was available at all bank branches till 7 October 2023. However, this facility is still available at the 19 issue offices of the Reserve Bank.

Since 9 October 2023, RBI issue offices are also accepting Rs 2,000 banknotes from individuals and entities for deposit into their bank accounts.

Further, members of the public can also send Rs 2,000 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 Rs 2,000 banknotes continue to be legal tender.