Rs 2000 notes still in public? Do you know how many thousands of crores are out there?

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.

Richa Barua | Published : Dec 03 2024, 06:16 PM

1 Min read

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Over a year after the Indian government demonetized the ₹2000 note, the RBI continues to retrieve them. However, billions still remain in circulation.

₹2000 Notes

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.

₹2000 Notes

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.

About the Author

Richa Barua

With over two decades of experience in top media outlets like Times of India, International Business Times, and India Today, Richa currently leads Newsable and MyNation (Entertainment and Lifestyle) non-news team at Asianet News Network. Her expertise includes celebrity interviews, audience growth, and content strategy, backed by an Executive Program in Digital Marketing from IIM Calcutta, along with a journalism degree from Delhi University, a master's in media studies and corporate communications. Read More...

Narendra Modi

Reserve Bank of India