Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions

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RBI/2026-27/107 DCM(Plg) No.S736/10.02.060/2026-27 June 09, 2026 The Chairman / Managing Director / Chief Executive Officer All Banks Madam / Dear Sir, Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of the RBI Act, 1934. Thereafter, in pursuance of the “Clean Note Policy” of the Reserve Bank of India, on May 19, 2023 , it was decided to withdraw ₹2000 denomination banknotes from circulation. 2. Facility for exchange/ deposit of the ₹2000 denomination banknotes was extended to members of the public through bank branches across the country till October 07, 2023. Since October 09, 2023, the facility for exchange/ deposit of the ₹2000 banknotes is available for individuals / entities at the 19 RBI Issue Offices 1 , and the same shall be available till further advice. ₹2000 denomination banknotes continue to be legal tender. 3. This consolidates the instructions issued earlier on the subject, as detailed hereunder 2 . Yours faithfully (Sanjeev Prakash) Chief General Manager-In-Charge 1 Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram 2 Related notifications: SL. Subject Circular No. Date Withdrawn/ In-vogue/ Partially applicable 1. ₹2000 Denomination Banknotes – Withdrawal from Circulation – Review RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24 September 30, 2023 In-vogue 2. ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender RBI/2023-24/33 DCM(Plg) No.S-239/10.27.00/2023-24 May 22, 2023 Withdrawn 3. ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender RBI/2023-24/32 DCM(Plg) No.S-236/10.27.00/2023-24 May 19, 2023 Partially applicable