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of <h1>98.18% of Rs 2000 Notes Returned to Banks; Only Rs 6,471 Crore Still Circulating Among Public.</h1> The Reserve Bank of India (RBI) reported that 98.18% of Rs 2000 banknotes have been returned to the banking system, with only Rs 6,471 crore remaining in public hands. This follows the RBI's announcement on May 19, 2023, to withdraw these notes from circulation. Initially valued at Rs 3.56 lakh crore, the notes' circulation dramatically decreased by February 28, 2025. While the exchange and deposit facility at bank branches ended on October 7, 2023, it remains available at RBI issue offices. The Rs 2000 notes are still considered legal tender.
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