The Reserve Bank of India has issued a consolidated circular on the withdrawal of ₹2000 denomination banknotes from circulation. It restates that ₹2000 notes continue to be legal tender and that individuals and entities can continue to exchange or deposit them at 19 RBI Issue Offices until further advice. The circular brings together earlier instructions issued after the Reserve Bank decided on May 19, 2023, under its Clean Note Policy, to withdraw the ₹2000 denomination from circulation. Exchange and deposit were available through bank branches across the country until October 7, 2023, and since October 9, 2023 that facility has been limited to the 19 RBI Issue Offices. The release also identifies the status of earlier related circulars, with the September 30, 2023 review remaining in force, the May 22, 2023 circular withdrawn, and the May 19, 2023 circular partially applicable.
Reserve Bank of India2026-06-09
Reserve Bank of India consolidates instructions on withdrawal of ₹2000 banknotes while keeping exchange at 19 RBI Issue Offices and legal tender status
The Reserve Bank of India has issued a consolidated circular on the withdrawal of ₹2000 denomination banknotes, confirming they remain legal tender and may be exchanged or deposited at 19 RBI Issue Offices until further advice. The circular restates earlier instructions under the Clean Note Policy and clarifies that the September 30, 2023 review remains in force, the May 22, 2023 circular is withdrawn, and the May 19, 2023 circular is only partially applicable.