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The Rs 2,000 bank notes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 bank notes. The Rs 2,000 bank notes continue to be legal tender.
The Reserve Bank of India (RBI) informed that owing to operational considerations, the exchange of Rs 2,000 notes will not be available on January 12 at the RBI's Mumbai Regional Office.
Truth be told, we weren’t supposed to stay around for a long while. We were a stop-gap arrangement to speed up the remonetization of the economy after the 2016 demonetization exercise
The Rs 2000 banknotes continue to be legal tender, RBI said in a release.
SBI said that of the total amount, Rs 14,079 crore were received as exchange and Rs 66,807 crore through deposits. This accounts for 96 percent of the total Rs 2,000 in circulation since May this year.