Notification/Circular No. 2025-2026/1603 dated December 01, 2025
Applicable Act/Rule: Reserve Bank of India regulatory framework under currency management
RBI announced the withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023. Deposit and exchange at bank branches was allowed until October 07, 2023. Post this date, deposit and exchange facilities continue only at designated RBI Issue Offices and through India Post for credit to bank accounts.
RBI has published the latest status showing a steep decline in ₹2000 notes in circulation. The total value in circulation has reduced from ₹3.56 lakh crore (as on May 19, 2023) to ₹5,743 crore (as on November 29, 2025), reflecting the return of 98.39% of such notes. ₹2000 banknotes continue to remain legal tender while withdrawal measures remain in effect through RBI Issue Offices.
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.