Volume Of Banknotes In Circulation Increased Over 5%; Rs 200 Notes Saw Highest Growth
In volume terms, Rs 500 denomination at 40.9%, constituted the highest share of the total banknotes in circulation, followed by Rs 10 denomination banknotes at 16.4%.
The value and volume of banknotes in circulation increased by 6% and 5.6%, respectively, during 2024-25, according to the RBI annual report published on Thursday.
During 2024-25, the share of Rs 500 banknotes at 86%, declined marginally in value terms. In volume terms, Rs 500 denomination at 40.9%, constituted the highest share of the total banknotes in circulation, followed by Rs 10 denomination banknotes at 16.4%. The lower denomination banknotes (Rs 10, Rs 20 and Rs 50) together constituted 31.7% of total banknotes in circulation by volume.
Rs 200 denomination banknotes grew at the fastest pace at 12.5% in volume terms and value terms.
Withdrawal of Rs 2,000 denomination banknotes initiated in 2023-24 continued during the year.
The value and volume of coins in circulation increased by 9.6% and 3.6%, respectively, during 2024-25. As on March 31, 2025, coins of Rs 1, Rs 2, and Rs 5 together constituted 81.6% of the total volume of coins in circulation, while in value terms, these denominations accounted for 64.2%.
The value of eRs in circulation increased by 334% during 2024-25.
The plan to modernise the currency management infrastructure in the country was taken forward during the year. An exercise to standardise the Note Sorting Machines being used across the currency ecosystem was undertaken in collaboration with the Bureau of Indian Standards.
