Re: Shortage of Small Denomination Currency Notes in Circulation
Helping Hands Foundation
To: Issue Department, Hyderabad issuehy...@rbi.org.in
Date: 24.4.2025
Dear Sir/Madam,
Greeting to you from our Helping Hands Foundation [HHF]
Regarding your email dated 19.12.2024, and regarding our letter about the shortage of small denomination currency notes, we sincerely thank you for your response and the assurance that adequate quantities of currency notes and coins are available for public use.
We would like to clarify that the area experiencing this shortage is specifically the Tirupati region in Andhra Pradesh. We apologize for not explicitly mentioning this in our initial letter dated 8.11.2024, and regret any confusion this may have caused.
Furthermore, we would like to bring to your attention that Mr. Madhava Reddy, a respected member of the Tirupati community, through his representation dated 21.4.2025, clearly indicated that the problem exists in the Tirupati area. For your reference, we are attaching a copy of the representation dated 21.4.2025, received from Mr. Madhava Reddy. You can directly call his phone number provided in his representation to confirm the facts and gain further insight into the situation.
Despite the general availability of small denomination notes, the situation in Tirupati remains challenging. Local businesses, vendors, and residents continue to face difficulties due to an insufficient supply of ₹10, ₹20, ₹50, and ₹100 notes. This shortage has persisted over the past few months, leading to significant inconvenience in daily transactions. For instance, small vendors have reported losing customers because they cannot provide change, and some have resorted to offering candies or other small items instead of cash, which is not a sustainable solution.
We kindly request the Reserve Bank of India to investigate this localized shortage and take appropriate measures to ensure an adequate supply of small denomination currency notes in the Tirupati area. Addressing this issue would greatly benefit the community and support the smooth functioning of the local economy.
The Helping Hands Foundation is committed to assisting in resolving this matter. We are willing to collaborate with local banks and authorities to facilitate the distribution of these notes or to provide additional information on the extent of the shortage if required.
We are confident that with your intervention, this issue can be effectively resolved. Should you need any further details or clarification, please do not hesitate to contact us.
Thank you for your attention to this important matter.
Regards,
Abdul Naseer
Managing Director
Helping Hands Foundation
Encl: Mr. Madhava Reddy’s representation dated 21.4.2025.
Madam/ Dear Sir,
Thank you for your letter dated November 08, 2024, regarding ensuring adequate availability of small denomination currency notes.
2. In this connection, it is observed that your letter dated November 08, 2024 did not mention the area/region where there is shortage of small denomination notes.
3. It is informed that adequate quantity of currency notes in ₹10, ₹20, ₹50 and ₹100 denomination are available for use of the members of public. Further, adequate quantity of coins in the denominations of ₹1, ₹2, ₹5, ₹10 and ₹20 are also available.
4. We appreciate your concern and would like to assure you that the Reserve Bank of India remains committed to ensuring public confidence in the availability of all denominations of currency.
Regards,
निर्गम विभाग / Issue Department,
भारतीय रिज़र्व बैंक / Reserve Bank of India,
हैदराबाद / Hyderabad
फोन/ phone: 040-23267220/7211
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Helping Hands Foundation
Gentle Reminder
To: Issue Department, RBI, Hyderabad <issuehy...@rbi.org.in>
Dear Sir/Madam,
Greetings from Helping Hands Foundation (HHF)!
We are writing to kindly follow up on our previous communication dated 23.4.2025, regarding the persistent shortage of small denomination currency notes (₹10, ₹20, ₹50, and ₹100) and coins in the Tirupati region of Andhra Pradesh.
As highlighted in our earlier correspondence, the issue was further substantiated by a detailed representation from Mr. Madhava Reddy (dated 21.4.2025), which was attached for your reference. Despite the RBI’s assurance of adequate currency availability nationally, local businesses and residents in Tirupati continue to face significant challenges due to the scarcity of these denominations, impacting daily transactions and economic activities.
We deeply appreciate the RBI’s commitment to ensuring public confidence in the currency system and kindly request an update on the steps being taken to address this localized shortage. Your intervention would greatly alleviate the hardships faced by the community and restore smooth financial operations in the region.
The Helping Hands Foundation remains ready to collaborate with your office or local banks to facilitate resolution efforts, including providing additional data or coordinating ground-level assessments if required.
Thank you for your attention to this urgent matter.
We look forward to your response and remain hopeful for a swift resolution.
Warm regards,
Abdul Naseer
Managing Director
Helping Hands Foundation (HHF)
Helping Hands Foundation
Second Reminder
To: Issue Department, Reserve Bank of India, Hyderabad
Email: issuehy...@rbi.org.in
Date: 27.5.2025
Dear Sir/Madam,
Greetings from the Helping Hands Foundation (HHF)!
We are writing to kindly follow up on our previous communications regarding the ongoing shortage of small denomination currency notes in Tirupati, Andhra Pradesh.
We appreciate your response dated 19.12.2024 to our initial letter of 8.11.2024, where you assured us of the general availability of currency notes in denominations of ₹10, ₹20, ₹50, and ₹100, as well as coins in ₹1, ₹2, ₹5, ₹10, and ₹20.
In our subsequent email dated 23.4.2025, we clarified that the shortage is specific to the Tirupati region and provided a representation from Mr. Madhava Reddy, dated 21.4.2025, highlighting the challenges faced by local businesses, vendors, and residents.
We also sent a gentle reminder on 9.5.2025, reiterating the issue and offering our assistance to facilitate a resolution. While we understand that addressing such matters may involve coordination and time, we note that the shortage in Tirupati persists, causing continued inconvenience in daily transactions for the local community.
We respectfully request an update on any progress made or measures planned to investigate and resolve this localized shortage of small denomination currency notes.
Your intervention is crucial to alleviating the difficulties faced by the people of Tirupati and ensuring the smooth functioning of the local economy.
The Helping Hands Foundation remains ready to collaborate with the Reserve Bank of India and local banks to provide additional information or support distribution efforts, if needed. For your reference, Mr. Madhava Reddy’s representation dated 21.4.2025 is available, and his contact details can be used to verify the situation directly.
Thank you for your continued attention to this matter. We look forward to your response and any updates you can provide.
Warm regards,
Abdul Naseer
Managing Director
Helping Hands Foundation