Republic of India
(Bharat Ganarajya)
Reserve Bank of India
Currency - Rupee (INR)
The Reserve Bank of India (RBI) announced on 19.05.2023 that it is withdrawing the circulation of the largest denomination of banknote, the 2000 rupees. The 2000 rupees was first introduced in November 2016. Its purpose was to meet the currency requirement of the economy in an expeditious manner after the withdrawal of the legal status of all Rs500 and Rs1000 in circulation. According to RBI, this objective now has fulfilled, and the availability of banknotes in other denominations in adequate quantities, and for this reason, the printing of the Rs2000 was ceased printing in 2018. RBI has only issued the 2000 rupees printed with the year dates of 2016 and 2017, and majority of these notes were issued prior in March 2017. It is always the central bank's intention to reduce high value notes in circulation, and that was the reason it stop printing them after 2017.
In the announcement, RBI requested the public to deposit the 2,000 rupees by 30.09.2023. Each person can deposit up to 20,000 rupees at a time. The 2000 rupees is still a legal tender note, but it is not sure what will happen after 30.09.2023. The 2000 rupees is not a common note and is hardly seen in circulation. However, the value of 2000 rupees notes in circulation is about 3.62 trillion Indian rupees, which represents about 10.8% of all currency in circulation.
It is believed that only two varieties of the 2000 were issued with the year date of 2016. The notes that I have posted here are the one with no plate letter and the other one with the plate letter R. The other print is with the plate letter R. This plate letter is printed between the prefix and serial number on the top left-hand corner on the front of the note.
Two Thousand Rupees
Front - The portrait of Mohandas Karamchand Gandhi or better known as Mahatma Gandhi (b.1869-1948). During his lifetime, he started as a British trained lawyer, then anti-colonial nationalist and political ethicist and successfully campaigned for India's independence from the British in 1947. Gandhi was a Hindu and was born in Gujarat. In 1893, he went to work in South Africa and after 21 years, he returned to India in 1921. He was assassinated in 1948, at the age of 78, 168 days after India achieved independence from the British.
Governor - Urjit Patel (tenure 2016-2018)
Watermark - Mahatma Gandhi and 2000 value
Dimensions - 166.5mm x 66.5mm
Back - An image of the Mangalyaan, a Mars Orbiter Mission Space Probe. This space probe was first launched on 05.11.2013, and has been orbiting Mars since 24.09.2014. The Mangalyaan is the first Asian made space probe to successfully orbiting Mars and to do so in its maiden attempt too. To the left is that famous Mahatma Gandhí's spectacle frame.
The Mars Orbiter Mission Space Probe, Mangalyaan |
Two Thousand Rupees (Plate Letter R)
Mohandas Karamchand Gandhi (b.1869-1948) |
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