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₹2,000 Notes: 98% Back in Banks After 2 Years!
8 Dec
Summary
- Nearly all withdrawn ₹2,000 notes have returned to banks.
- Over 98% of notes were back in circulation by November 2025.
- Notes remain legal tender, accepted for deposits and exchanges.
The Ministry of Finance has revealed that an overwhelming 98.38% of the ₹2,000 denomination banknotes have been returned to the banking system. This data, sourced from the Reserve Bank of India, reflects the status as of November 14, 2025, indicating that nearly all of these notes are back with banks more than two years after their withdrawal was announced.
The Reserve Bank of India had initiated the process of withdrawing the ₹2,000 notes from circulation in May 2023. Crucially, the notes were designated as legal tender even after the withdrawal announcement, allowing citizens to deposit or exchange them at banks and RBI offices.
This high return rate suggests that only a minimal fraction of the ₹2,000 notes remain outside the official financial channels. The ongoing acceptance of these notes continues to facilitate their return to the central bank.
