RBI's Withdrawal of Rs 2000 Banknotes: Key Facts and Procedures
| Aspect | Details |
|---|---|
| Event | Withdrawal of Rs 2000 denomination banknotes by the Reserve Bank of India (RBI). |
| Announcement Date | May 19, 2023 |
| Current Circulation | Rs 7,961 crore (as of April 30, 2024) |
| Initial Circulation | Rs 3.56 lakh crore (before withdrawal announcement) |
| Percentage Reabsorbed | 97.76% |
| Legal Tender Status | Rs 2000 banknotes remain legal tender despite withdrawal. |
| Exchange/Deposit Options | - At 19 RBI offices across India.- Through India Post to RBI Issue Offices for bank credit. |
| Deadline | Initial: September 30, 2023.Extended: October 7, 2023. |
| Post-Deadline Procedures | Exchange/deposit services discontinued at bank branches.Available only at 19 RBI offices. |
| RBI Office Locations | Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Thiruvananthapuram. |
| Introduction | Rs 2000 banknotes introduced in November 2016 after demonetisation of Rs 1000 and Rs 500 notes. |