The Reserve Bank of India has said that most ₹2,000 currency notes withdrawn from circulation have already come back to the banking system.
As per RBI’s latest update, over 98 per cent of these high-value notes have been deposited or exchanged, with only a small amount still held by the public. The central bank clarified that ₹2,000 notes continue to be legal tender and can still be deposited at RBI issue offices or sent through India Post.
The note was withdrawn in May 2023 to improve currency circulation, not due to demonetisation.