Did you know Rs 500 notes account for 85% of the value of banknotes in circulation?

The Rs 500 note accounts for 85.5 percent of the total value of banknotes in circulation, according to Reserve Bank of India data. As of August 7, 2026, these notes reached a value of Rs 36.29 lakh crore. This shows how India’s physical currency stock is now heavily concentrated in them.