Value of Indian bills in circulation FY 2001-2024

Published by Sandhya Keelery, Aug 30, 2024

In financial year 2024, there were banknotes worth more than 34.7 trillion rupees in circulation across the south Asian country of India. As of November 2016, India discontinued the circulation of 1,000 rupee banknotes and introduced 2,000 rupee banknotes instead. 

Value of banknotes in circulation across India from financial year 2001 to 2024 (in billion Indian rupees)

CharacteristicValue of banknotes in billion Indian rupees
FY 2024 34,778.05
FY 2023 33,482.28
FY 2022 31,057.21
FY 2021 28,268.63
FY 2020 24,209.75
FY 2019 21,109
FY 2018 18,037
FY 2017 13,101.81
FY 2016 16,415.58
FY 2015 14,288.82
FY 2014 12,837.35
FY 2013 11,756.35
FY 2012 10,537.86
Showing entries 1 to 13 (24 entries in total)
Created with Highcharts 7.2.2Value of banknotes in billion Indian rupeesFY 2001FY 2002FY 2003FY 2004FY 2005FY 2006FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024
010,00020,00030,00040,000

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Release date

June 2024

Region

India

Survey time period

FY 2001 to FY 2024

Supplementary notes

One Indian rupee is equal to 0.011 U.S. dollars and 0.011 euros (as of July 2024).

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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