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Friday, 13 November 2026 IST

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Ten years after note ban, how India’s cash habit survived the UPI boom

A decade after demonetisation, currency in circulation has more than doubled, even as UPI transactions have surged, showing that Indians are using digital payments without giving up cash

Ten years after note ban, how India's cash habit survived the UPI boom
Ten years after note ban, how India's cash habit survived the UPI boom — image via Business Standard — Credit: Business Standard

Attributed summary

A decade after demonetisation, currency in circulation has more than doubled, even as UPI transactions have surged, showing that Indians are using digital payments without giving up cash

Read the original report — Business Standard

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