RBI says INR 1.05 bln of withdrawn INR 2,000 notes returned in March
This story was originally published at 18:57 IST on 1 April 2025
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MUMBAI – The Reserve Bank of India got back INR 1.05 billion of the withdrawn INR 2,000 currency notes in March, the central bank said on Tuesday. As such, the total value of INR 2,000 banknotes in circulation has now declined to INR 63.66 billion as of Monday, with 98.21% of the notes out of circulation, the RBI said.
In February, the central bank got back INR 1.06 billion of the INR 2,000 notes, which were withdrawn in May 2023. The value of INR 2,000 notes in circulation was INR 3.56 trillion when the RBI announced their withdrawal.
Currently, the facility to deposit or exchange the withdrawn note is only open at the RBI's 19 issue offices. The INR 2,000 currency note continues to be a legal tender, the RBI said. End
Reported by Ashna Mariam George
Edited by Saji George Titus
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