The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about nine months after the deadline to deposit or exchange them at bank branches was over.
"The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches in the country up to October 07, 2023. The facility for the exchange of the Rs2000 banknotes has been available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19,
The central bank's periodic updates provide transparency regarding the progress of the withdrawal initiative, assuring the public of the continued legal status of Rs 2000 banknotes.
The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore.
After commercial banks stopped accepting Rs 2000 banknotes, people have now started lining up in 19 offices of the Reserve Bank of India (RBI) to exchange their high-denomination notes.