By Admin 
Cash Holdings In India: In recent times, a new trend has been seen regarding 100 and 200 rupee notes. People have started keeping more cash in their homes than before. Here we are not talking about 500-2000. It is seen that the demand for small notes like Rs 100- Rs 200 has increased. This does not mean that there is any shortage of notes in the market, rather many people are preferring to keep more cash with them as a precaution.
Why are people keeping cash?
According to media reports, amid increasing tension and global uncertainties in West Asia, people have started keeping cash with them as a precaution. At such a time, many people consider it safe to keep some cash at home along with digital payments. According to experts, when economic or geopolitical uncertainty increases in the world, people start keeping cash in advance for their needs.
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People became alert after Covid
According to media reports, the pace of increase in cash held by people in the country has been the fastest after the Covid-19 pandemic. This shows that the trend of keeping cash as a precautionary measure is increasing again. However, this does not at all mean that people’s trust in the banking system or digital payments has decreased. UPI and digital transactions are continuously increasing, but along with this people are also preferring to keep some cash with them.
Is there a shortage of 100-200?
The direct answer to this question is, no. At present, no official shortage of Rs 100 and Rs 200 notes has been reported. There is plenty of currency in the Reserve Bank of India and the banking system. The reason for increasing demand is believed to be only due to people’s habit of keeping cash as a precaution.
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Should cash be kept at home?
One must keep cash for daily work and needs. Apart from this, it is better to keep a limited amount of cash even for situations like emergency. But keeping too much cash at home is not considered safe. You should keep your money in your bank account or online banking only.