Reserve Bank of India (RBI) has reported that 98.44% of Rs 2000 denomination banknotes have been returned since the withdrawal announcement made on May 19, 2023. Despite the withdrawal, the RBI clarified that Rs 2,000 banknotes continue to be legal tender.
Additionally, members of the public are sending Rs 2,000 banknotes through India Post from any post office within the country to any of the RBI issue offices for credit to their bank accounts, the RBI said in a release. The central bank further said Rs 2,000 banknotes continue to be legal tender.
