Fintech & Payments

Demonetisation at 10 (RBI, NPCI data)

Data look at digital payments and cash use ten years after demonetisation, New Delhi

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Ten years after demonetisation, UPI runs 241 billion payments a year but cash in circulation has more than doubled

The 8 November 2016 note ban was meant to push India away from cash. A decade on, official data show digital payments exploded while the stock of physical currency kept growing.

8 November 2026 · 2 min read