The overall volume of currency in circulation rose 4.4% year-on-year to 13,621 crore notes in FY23, RBI said. Among the notes in circulation, ₹500 notes were the most voluminous, with a total of 5,163 crore notes in circulation as of FY23. The volume of ₹20 banknotes in circulation grew from 1,101 crore in FY22 to 1,258 crore in FY23.