Over a year after demonetization, not all ₹2000 notes have returned to the RBI. Billions remain in public hands. Learn the details and how to exchange your notes.
Over a year after the Indian government demonetized the ₹2000 note, the RBI continues to retrieve them. However, billions still remain in circulation.
The Modi government demonetized ₹500 and ₹1000 notes in 2016 to combat black money, introducing new ₹500 and ₹2000 notes. The ₹2000 note was also demonetized in May 2023.
The value of ₹2000 notes in circulation at the time of demonetization was ₹3,55,858 crore. Within two months, over 97% were returned to the RBI. You can exchange ₹2000 notes at RBI regional offices. 19 offices across India offer this service.
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