Last Updated: 20 December 2025, 15:59 IST Despite the announcement of withdrawal of Rs 2000 notes in May 2023, a huge amount is still out of the system. According to RBI, Rs 2000 notes worth about Rs 6,000 crore have not yet been returned. However, these notes are still valid and can be exchanged or deposited in the designated offices of RBI. If you still have Rs 2000 notes, exchange will be done from RBI office.(Image:AI) New Delhi. In May 2023, the Reserve Bank of India (RBI) announced the gradual withdrawal of Rs 2000 notes from circulation. Despite this, even after more than two years, notes worth around Rs 6,000 crore have not yet been returned. According to RBI, out of the total Rs 2000 notes issued by October 31, 2025, 98.37 percent returned to the banking system. Nevertheless, a large number of people still keep these notes at home or in business, as a result of which there is a situation of confusion and worry. Are Rs 2000 notes still valid? RBI has clarified that Rs 2000 notes are still legal tender, that is, their validity has not ended. However, in most bank branches and shops it is not accepted for everyday transactions. The printing of these notes was stopped after the financial year 2018-19 as their use in daily transactions was limited. This entire process is part of RBI’s ‘Clean Note Policy’, the aim of which is to remove old and less used notes from the system. Now where and how can Rs 2000 notes be exchanged? After October 7, 2023, the facility to exchange or deposit Rs 2000 notes with commercial banks has stopped. Currently, this facility is available only in 19 issuing offices of RBI across the country. These offices are located in cities like Ahmedabad, Bengaluru, Hyderabad, Jaipur, Kanpur, Lucknow, Kolkata, Mumbai, Patna, New Delhi and Chennai. To exchange the note, the person himself will have to go to the RBI office. It is mandatory to fill the prescribed form there. People’s confusion and RBI’s appeal: According to RBI officials, many people are unable to exchange their notes due to the fear that their value may be lost due to delay. To clear this confusion, RBI has reiterated that Rs 2000 notes are completely legal tender. To deposit the note, identity card like Aadhar card and bank account information will have to be given, so that the amount can be directly deposited into the account. RBI appealed to the general public not to pay attention to rumors and go to the nearest RBI issuing office as soon as possible and deposit the remaining notes. About the Author Rakesh Singh Rakesh Singh is a Chief Sub-Editor with 14 years of experience in media and publishing. International affairs, politics and agriculture are areas of interest. Many articles written by Rakesh Singh published in … read more Location: New Delhi, Delhi First published: 20 December 2025, 15:59 IST home business Banks no longer accept Rs 2000 notes, they can be exchanged by visiting 19 RBI offices<\/p>\n","protected":false},"excerpt":{"rendered":"
Last Updated: 20 December 2025, 15:59 IST Despite the announcement of withdrawal of Rs 2000 notes in May 2023, a huge amount is still out of the system. According to RBI, Rs 2000 notes worth about Rs 6,000 crore have not yet been returned. However, these notes are still valid and can be exchanged or<\/p>\n","protected":false},"author":1,"featured_media":359036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-359034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/359034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/comments?post=359034"}],"version-history":[{"count":0,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/359034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media\/359036"}],"wp:attachment":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media?parent=359034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/categories?post=359034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/tags?post=359034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}