Minister Confirms Abundance of Rs 10, Rs 20, and Rs 50 Notes in India
Synopsis
The Indian government has reassured Parliament that there is no scarcity of lower-denomination notes of Rs 10, Rs 20, and Rs 50. This announcement comes amidst ongoing digital transaction growth and new initiatives for cash distribution.
Key Takeaways
No shortage of Rs 10, Rs 20, and Rs 50 notes confirmed by the government.
A pilot project for dispensing lower denomination notes is underway.
Over 439.40 crore Rs 10 notes have been supplied in the current financial year.
The RBI actively monitors and recommends the necessary currency mix.
Digital payment methods are significantly impacting lower-value transactions.
New Delhi, March 10 (NationPress) The government has confirmed that there is no scarcity of the lower-denomination currency notes of Rs 10, Rs 20, and Rs 50 circulating within the nation, as stated during a session in Parliament on Tuesday.
The Minister of State for Finance, Pankaj Chaudhary, addressed inquiries in the Rajya Sabha, mentioning that according to the RBI, lower-denomination notes have not traditionally been available through ATMs.
He also announced that a pilot initiative has been launched to dispense these lower denomination notes through small value dispensers.
The government revealed that in the current financial year (up to February 26), a total of 439.40 crore Rs 10 notes, 193.70 crore Rs 20 notes, and 130.30 crore Rs 50 notes have been supplied by the central bank.
In the previous fiscal year (FY25), 180 crore Rs 10 notes, 150 crore Rs 20 notes, and 300 crore Rs 50 notes were distributed.
The RBI continuously evaluates the demand for various denominations and provides recommendations to the government regarding the necessary mix of notes to be printed.
Demand for lower denomination currency is fulfilled through a combination of banknotes and coins. Additionally, the rise of digital payment methods plays a significant role in facilitating overall transactions, including those of lower value.
The RBI has assured that it strives to maintain sufficient quantities of different denominations of banknotes and coins in circulation to meet economic demands, as mentioned by the minister.
In response to another inquiry, the minister noted that according to the National Payment Corporation of India (NPCI), the total number of digital transactions conducted via RuPay KCC cards in FY 2025-26 (up to December 31, 2025) stands at 3.72 lakh, amounting to Rs 111.17 crore.
The credit limits for eligible farmers under the KCC scheme are determined based on the scale of finance for the crops, area of cultivation, cropping practices, and other relevant factors.
Point of View
Ensuring economic stability.
NationPress
5 Jul 2026
Frequently Asked Questions
Is there a shortage of Rs 10, Rs 20, and Rs 50 notes in India?
No, the government has confirmed that there is no shortage of these lower-denomination currency notes in circulation.
What measures has the RBI taken regarding lower denomination notes?
The RBI continuously assesses the demand for various denominations and has launched a pilot project for dispensing lower denomination notes through small value dispensers.
How many Rs 10, Rs 20, and Rs 50 notes have been supplied this financial year?
As of February 26, 2023, a total of 439.40 crore Rs 10 notes, 193.70 crore Rs 20 notes, and 130.30 crore Rs 50 notes have been supplied.
