The Reserve Bank of India (RBI) has reported a big drop in the circulation of ₹2000 notes. As of September 30, 2025, the total value of these notes was ₹5,884 crore. This is a big fall from ₹3.56 lakh crore when the withdrawal was announced in May 2023.
₹2000 Notes Are Still Valid
Even though ₹2000 notes are withdrawn from active use, they are still legal. You can use them to pay debts or other payments.
Why ₹2000 Notes Were Withdrawn and How to Deposit Them
The ₹2000 note was made in November 2016 after the demonetization of ₹500 and ₹1000 notes. When enough other notes were available, printing of ₹2000 notes stopped in 2018-19. Most notes were made before March 2017 and are now near their 4-5 year life. Also, this note is not used much in daily transactions.
🚨98.35% of ₹2000 notes returned to the banking system, Rs 5,884 cr worth notes still out: RBI pic.twitter.com/8H0G3UXLVF
— Indian Infra Report (@Indianinfoguide) October 1, 2025
🚨 RBI Update: 98.35% of ₹2000 notes returned to banking system! 💸
₹5,884 crore worth of ₹2000 notes still in circulation 📈
Deadline for exchange at bank branches was Oct 7, 2023, but can still be deposited/exchanged at RBI offices or India Post 📨
#RBI #IndianCurrency… pic.twitter.com/eDkO9ddJjG— Artology (@ArtologyOffice) October 1, 2025
The RBI has given ways to deposit or exchange these notes:
Bank branches: You could deposit or exchange ₹2000 notes at bank branches until October 7, 2023.
RBI offices: Since May 19, 2023, RBI offices have accepted ₹2000 notes for exchange. From October 9, 2023, these offices also accept deposits directly into bank accounts.
Deposit by post: You can send ₹2000 notes by post from any post office to RBI offices for deposit into your bank account.