
Cash is King: India’s Currency in Circulation Hits Record ₹40 Lakh Crore Despite UPI Growth
Despite a massive push toward a digital-first economy, the Indian appetite for physical banknotes has never been stronger. According to a landmark report by State Bank of India (SBI) Research released this February 2026, currency in circulation (CiC) has surged to a historic high of ₹40 lakh crore. This 11.1% annual jump—roughly double the growth [...]The post Cash is King: India’s Currency in Circulation Hits Record ₹40 Lakh Crore Despite UPI Growth appeared first on KalingaTV.



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