RBI/2024-2025/86 DCM (NPD) No. S2193/ 09.45.000/ 2024-25 October 30, 2024 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam/ Dear Sir, Note Sorting Machines: Standards issued by the Bureau of Indian Standards

RBI/2023-24/142 DCM (CC) No.  S3425/ 03.41.01/ 2024-25 March 27, 2024 All Currency Chest holding banks Madam / Dear Sir Currency Chests (CCs) operations on March 31, 2024

RBI/2023-24/64
DCM(Plg) No. S-1288/10.27.00/2023-24

September 30, 2023

The Chairman / Managing Director / Chief Executive Officer
All Banks

Madam / Dear Sir,

₹2000 Denomination Banknotes – Withdrawal from Circulation – Review

A reference is invited to our circulars DCM(Plg)No.S-236/10.27.00/2023-24 dated May 19, 2023 and DCM(Plg)No.S-239/10.27.00/2023-24 dated May 22, 2023 on the subject.

2. Of the total value of ₹3.56 lakh crore of ₹2000 banknotes in circulation as on May 19, 2023, ₹3.42 lakh crore has been received back leaving only ₹0.14 lakh crore in circulation as at the close of business on September 29, 2023; thus, 96% of ₹2000 banknotes in circulation as on May 19, 2023 has since been returned.

3. As the period specified for the withdrawal has come to an end, and based on a review, it has been decided to extend the current arrangement for deposit / exchange of ₹2000 banknotes until October 07, 2023. A Press Release in the matter has been issued. Banks shall continue to maintain daily data on deposit / exchange of ₹2000 banknotes in the format prescribed vide circular dated May 22, 2023 referred to above and submit the same to RBI.

4. With effect from October 8, 2023, banks shall stop accepting ₹2000 banknotes for credit to accounts or exchange to other denomination banknotes.

5. ₹2000 banknotes shall continue to be allowed to be presented at the 19 Regional Offices of RBI having Issue Departments (RBI Issue offices) for credit to the bank accounts in India or exchange as indicated in the Press Release.

6. All instructions issued under para 3A of our circular DCM(Plg)No.S-236/10.27.00/2023-24 dated May 19, 2023 in the matter shall continue to remain in force. Banks shall also ensure that ₹2000 banknotes collected by their branches till October 07, 2023, are deposited at currency chests on or before October 13, 2023.

7. ₹2000 banknotes shall continue to be legal tender.

8. A copy of the Press Release may also be displayed in the banking hall, ATM kiosks, etc., for information of the customers / public.

9. You are requested to issue suitable instructions to the branches in this regard.

Please acknowledge receipt.

Yours faithfully

(Suman Ray)
Chief General Manager in-Charge

RBI/2023-24/33 DCM(Plg) No.S-239/10.27.00/2023-24 May 22, 2023 The Chairman / Managing Director/ Chief Executive Officer All Banks Dear Sir /Madam, ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender In continuation to our circular DCM(Plg) No.S-236/10.27.00/2023-24 dated May 19, 2023 on the captioned subject, it is advised as follows: 2. The facility of exchange of ₹2000 banknotes across the counter shall be provided to the publi

RBI/2023-24/32 DCM(Plg) No.S-236/10.27.00/2023-24 May 19, 2023 The Chairman / Managing Director/ Chief Executive Officer All Banks Dear Sir/Madam, ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934 primarily to meet the immediate currency requirement of the economy after withdrawal of the legal tender status of all ₹500 and ₹1000 bank

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RBI/2022-23/79 DCM(NPD)No.S488/18.00.14/2022-23 July 1, 2022 The Chairman/ Managing Director/ Chief Executive Officers All Banks Dear Sir/Madam Note Sorting Machines - Authentication and Fitness Sorting Parameters Please refer to our circular DCM(R&D)No.G-26/18.00.14/2009-10 dated May 11, 2010 setting out ''Note Authentication and Fitness Sorting Parameters'' for the Note Sorting Machines installed in the banks. 2. In the backdrop of introduction of the new series

RBI/2022-23/40 DCM (Admin) No. S172/19.01.010/2022-23 May 02, 2022 All Banks having Currency Chests Madam/ Dear Sir, Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Circulars Please refer to the Press Release dated May 02, 2022 issued on the captioned subject. 2. The circular listed in the Annex is withdrawn with effect from close of business today. Yours faithfully, (Suman Ray) Chief General Manager-in-Charge Encl: As above Annex List

RBI/2021-22/190 DCM (Plg.) No.S 1117/10.25.007/2021-22 March 31, 2022 The Chairman / Managing Director/ Chief Executive Officer All Banks Madam / Dear Sir, Cassette - Swaps in ATMs Please refer to the circulars RBI/2017-18/162/ DCM (Plg.) No. 3641/10.25.007/2017-18 dated April 12, 2018 and RBI/2021-22/71/ DCM (Plg.) No.S39/10.25.007/2021-22 dated July 12, 2021 on the captioned subject wherein banks were advised to consider using lockable cassettes in their ATMs which

RBI/2021-2022/167 DCM (Admin) No. S858/19.01.010/2021-22 February 18, 2022 The Chairman / Managing Director The Chief Executive OfficerAll Banks Madam/ Dear Sir, Regulations Review Authority (RRA 2.0) – Interim Recommendations-Discontinuation/Merger/Online Submission of Returns Please refer to the press release dated February 18, 2022 issued on the captioned subject. 2. As part of the implementation of the interim recommendations of the RRA 2.0, it is proposed to disc