Even as digital payments scale new peaks, currency in circulation (CiC) in India has surged to an all-time high of nearly Rs 40 lakh crore, presenting what SBI Research has termed a “puzzle” of ...
In a major step towards enhancing financial inclusion and convenience, Chandigarh-based fintech startup Paymart India Pvt Ltd today partnered with several banks, including Jammu & Kashmir Bank, to ...
MUMBAI: Despite record high UPI transactions coupled with rising cash withdrawals through ATMs and falling currency-to-GDP ratio, the currency in circulation (C ...
Opinion
Monetary puzzle: Why cash in circulation has risen in India even as UPI transactions set new records
India’s cash in circulation hit a record ₹40 trillion in January, even as UPI transactions scaled yet another peak. What exactly is going on? Four explanations unpack a trend that should both reassure ...
Newsable Asianet News on MSN
India's cash use hits record high despite digital boom, says SBI report
Despite a digital payment surge, India's currency in circulation hit a record Rs 40 lakh crore in Jan 2026, says an SBI report. Key drivers include higher consumption, lower interest rates, and the ...
Bank holiday today: Lenders in cities across India have a holiday on 3 March for Holi, Holika Dahan, Dhulandi, Dol Jatra or Attukal Pongala, as per the official RBI calendar. Here's the full list of ...
Newspoint on MSN
Updated lounge access, rewards & fees you must know
SBI Card rule changes 2026 bring new limits on airport lounge access, stricter reward points, and higher late payment charges ...
India Today on MSN
Why Indian economy hit record Rs 40 lakh cr cash in circulation
The cash spike in January 2026 is 11 per cent higher than the same month last year and despite UPI transactions touching a record Rs 28.33 lakh crore in value ...
UPI may rule tea stalls and cafés, but when it comes to bigger purchases, Indians still trust hard cash. That quiet preference is now pushing currency circulation sharply higher ...
Banks across India will remain closed on 28 February and 1 March for the fourth Saturday and Sunday weekend holidays, as per the Reserve Bank of India's (RBI) calendar.
Latest RBI rules on savings account minimum balance in 2026 — no central mandate for regular accounts, many PSBs waived penalties. BSBD zero-balance accounts get free services upgrade from April 1, ...
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