The most recent statistics released by the Reserve Bank of India (RBI) report that on June 2, 2025, there are still ₹2,000 denomination banknotes amounting to ₹6,181 crores in the system. As opposed to the massive ₹3.56 trillion in circulation on May 19, 2023, when the aforementioned bank indicated its intent to remove those notes from circulation, this figure reflects a substantial decrease.
State of ₹2,000 Notes Today
Post-exchange ₹2,000 notes are still being used. However, their utilization in daily transactions has decreased significantly. The RBI has stopped the production of ₹2,000 notes by dint of which ₹2 and ₹5 notes have also been out of print, and the move represents the central bank’s currency management strategy.
How to Exchange and Deposit?
Residents and entities are open to exchange or deposit ₹2,000 notes in any of the 19 Issue Offices of the RBI in the country. Currently, the exchange limit is ₹20,000 per transaction. In addition, the public is allowed by the RBI to send ₹2,000 notes to these offices by India Post for credit to their bank accounts.
Public Opinion and Adherence
RBI’s information indicates that over 98.24% of the ₹2,000 notes have returned to the banking system since the date of withdrawal. The reasons for some notes still being in circulation could be various, such as the public being not informed, not willing to exchange, or facing a problem to reach RBI offices, to name but a few.
Impact on the Economy
The discontinuation of ₹2,000 notes is part of the RBI’s program to rationalize the array of denominations and encourage digital payments The main objective of the central bank to improve the efficiency of the currency system is the “Sa-Mudra” project that focuses on the digitization and automation of currency management processes.
Conclusion
Although the most part of the ₹2,000 notes were successfully pulled out from the market, a considerable amount of them is still not traced. The RBI has not stopped providing the people with the chance to swap or make a deposit of these notes, highlighting the significance of compliance for a smooth change in the money system.