Circulation of ₹2000 notes drops to ₹6,577 crore: RBI

Reserve Bank of India has informed that the total value of 2000 rupee banknotes in circulation dropped to 6,577 crore rupees as of 31st of last month. In a statement, RBI has clarified that 98.15 per cent of the 3.56 lakh crore worth of currency notes in circulation in May 2023 have been returned to the system.

The RBI announced the



withdrawal of 2000 rupee notes on 19th May 2023, urging citizens to deposit or exchange them at banks by 7th October 2023. While the 2000 rupee note remains legal tender, RBI has reminded the public that they can still deposit or exchange the notes at any of the 19 RBI Issue Offices through India Post.