Rs 2000 note can now only be exchanged at the Reserve Bank's 19 regional offices as the last date to exchange the banknotes at banks was 7 October 2023. These 19 regional offices have Issue Departments that are the only ones allowed to issue credit to the bank accounts in India.
RBI informed of this through a notification issued on 30 September, 2023.
The notes can also be exchanged by individuals, and entities at the 19 RBI Issue Offices for up to a limit of Rs 20,000 at a time.
Sending Rs 2000 currency notes through India Post to any of the 19 RBI Issue Offices is also possible for deposit into bank accounts in India.
It is important to note that all such transactions are subject to compliance with applicable RBI regulations, as well as providing valid identification and completing any necessary due diligence deemed necessary by the RBI.
The notes can be exchanged at RBI offices in the cities of Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Guwahati, Hyderabad, Jammu, Jaipur, Kolkata, Kanpur, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. These are the only cities that have Issue Offices in the respective RBI branches.
Earlier on 6 October, Reserve Bank's Governor Shaktikanta Das had informed that 87 per cent of the Rs 2,000 denomination notes being withdrawn had returned as deposits into banks. The rest of the notes were exchanged across counters.
Das said that Rs 12,000 crore of the total Rs 3.56 lakh crore worth of Rs 2,000 notes in circulation as of May 19, 2023 are yet to come back.