Cash Demand

Over the past decade, Currency in Circulation (CIC) increased by 157%, the number of ATMs grew by 32%, and the number of bank branches rose by 36%.

Though increased lending generally leads to more deposits through the credit multiplier effect, reduced liquidity has led to shrinking deposit pools

In terms of absolute withdrawals per ATM, Karnataka saw the highest annual average withdrawal of Rs 1.83 crore during FY24, followed by Delhi at Rs 1.82 crore

Overall, the average retirement account balance decreased slightly from the previous quarter

One-year swap rate has jumped 13 bps so far in September, whereas the five-year swap rate has jumped 19 bps

Beware of keypad manipulation and heat mapping while using the ATM or PoS machine

After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows RBI data

Experts cite hoarding as reason for 22% spike in currency in circulation

Banks had surplus liquidity of Rs 4.5 trn in the period

India post, through Aadhaar enabled payment services, is serving in 19 locations, said district magistrate Suhas Lalinakere Yathiraj

The demand for currencies rose in the eastern India, where Durga Puja is a major festival

The 'currency with the public' component of the money supply grew at a declining rate during the first six months of 2016, and thereafter grew negative