Currency Held by the Public and Deposit Money during 2000-2013

During 2000-2013, currency in the hands of the public grew at an average annual growth rate of 15.2% and deposit money grew at an average annual growth rate of 13.2%. In FY 2006-07 and 2007-08, deposit money exceeded the currency with the public. During this period, maximum yoy growth in currency with the public (18.8%) was observed in 2010-11 and maximum yoy growth in the deposit money (41.2%) was observed in 2005-06. 

In 2007-08, Deposit money had the highest share of 50.8% in total money supply(M1), wheras in 2012-13, currency with the public had the highest share of 60.4% in total money supply (M1). In 2011-12, deposit money declined by 2.6% from Rs 726510 Crore to Rs 707730 crore. In 2012-13, currency with the public increased by 11.5% (yoy growth) from Rs 1026500 crore in 2011-12 to Rs 1144740 crore and deposit money increased by 6% (yoy growth) from Rs 707730 crore in 2011-12 to Rs 750200 crore.