Only Rs 10,000 crore worth of Rs 2,000 denomination notes are still with people, Reserve Bank of India Governor Shaktikanta Das said Friday.

Das exuded confidence that these notes will also be returned or deposited back.

"Rs 2,000 notes are coming back and only Rs 10,000 crore is left in the system. The expectation is that the amount will also come back," PTI quoted Das as saying on the sidelines of an event.

Earlier this month, Das had said 87% of the Rs 2,000 denomination notes being withdrawn have returned as deposits into banks while the rest has been exchanged across counters.

On 19 May RBI announced its plan to phase out the Rs 2,000 note, which had been introduced in 2016 as part of a rapid remonetisation effort.

This had followed Prime Minister Narendra Modi's announcement to withdraw more than 88% of the currency in circulation by demonetising the Rs 500 and Rs 1,000 notes.

Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by 30 September. The last date was later extended to 7 October.

On October 7, both deposit and exchange services at bank branches were discontinued.

Starting 8 October, individuals were provided with the choice of either exchanging the currency or having the equivalent sum credited to their bank accounts at 19 Reserve Bank of India locations.

Individuals or entities can exchange Rs 2,000 bank notes at the 19 RBI offices up to a limit of Rs 20,000 at a time. However, there is no limit on the total amount for getting Rs 2,000 notes credited into bank accounts.