Reserve Bank of India (RBI) announces 98.47% of Rs 2,000 notes returned since withdrawal announcement

Exam-focused facts from the 3 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) stated that 98.47% of Rs 2,000 denomination banknotes in circulation as on May 19, 2023 have been returned as of April 30, 2026.
The withdrawal of Rs 2,000 notes from circulation was announced on May 19, 2023 as part of currency management.
The total value of Rs 2,000 banknotes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023.
The value of Rs 2,000 banknotes in circulation declined to Rs 5,451 crore at the close of business on April 30, 2026.
RBI clarified that Rs 2,000 banknotes continue to remain legal tender.