New Delhi, Oct. 2 -- The Reserve Bank of India (RBI) has reported a substantial decrease in the circulation of Rs.2000 denomination banknotes, following its withdrawal announcement earlier this year. As of September 30, 2025, the total value of these banknotes in circulation has plummeted to Rs.5,884 crore, marking a significant decline from Rs.3.56 lakh crore on May 2023, when the withdrawal was initially announced.

Despite the withdrawal from active circulation, the Rs.2000 banknotes continue to hold their status as legal tender. This means that while they are being phased out of everyday transactions, they remain valid for settling debts and other financial obligations.

The Rs.2000 banknote was introduced in November 2016 to quickly ...