Cash Denomination Calculator
Calculate total currency value, count note quantities, and generate official amount in words for bank deposit slips. Supports both note counting and optimal cash breakdown.
Currency Denomination & Tally
Select calculation mode: Count individual currency notes or break down a total amount
How to Use the Cash Denomination Calculator
Whether you are balancing daily shop cash registers, preparing bank deposit slips, or paying cash disbursements:
- For Counting Physical Cash (Mode 1): Enter the quantity of notes or coins for each Indian Rupee denomination (₹500, ₹200, ₹100, ₹50, ₹20, ₹10, ₹5, ₹2, ₹1). The total sum, total piece count, and the formal amount in words automatically update.
- For Bank Withdrawals or Cash Packing (Mode 2): Switch to Mode 2, type the target cash figure (e.g. ₹36,750), and get the exact count of each high-denomination note needed to minimize bulk.
Bank Deposit Slip Rules & Legal Cash Regulations in India
When depositing cash into commercial banks (SBI, HDFC, ICICI, PNB) or post office savings accounts, adhering to Reserve Bank of India (RBI) and Income Tax department protocols is mandatory:
1. Denomination Table on Bank Challans
Indian bank pay-in slips mandate filling out the denomination table on both the customer counterfoil and bank voucher. Recording exact note counts prevents teller disputes and ensures immediate audit verification.
2. Mandatory PAN Quoting for Deposits Above ₹50,000
Under Rule 114B of the Income Tax Rules, quoting your 10-digit Permanent Account Number (PAN) is legally required for cash deposits exceeding ₹50,000 in a single day or exceeding ₹2,50,000 during a demonetization or audit period. If a PAN card is unavailable, Form 60 must be submitted with identity proof.
3. Current Legal Indian Currency Notes in Circulation
Following the withdrawal of the ₹2,000 banknote under RBI's Clean Note Policy, the standard Mahatma Gandhi (New) Series circulating notes include:
- ₹500: Stone grey note featuring the Red Fort.
- ₹200: Bright yellow note featuring the Sanchi Stupa.
- ₹100: Lavender note featuring Rani ki Vav.
- ₹50: Fluorescent blue note featuring Hampi with Chariot.
- ₹20: Greenish yellow note featuring Ellora Caves.
- ₹10: Chocolate brown note featuring the Sun Temple, Konark.
Frequently Asked Questions
Why is amount in words required on bank deposit slips?
Banks require the total written in words (e.g., "Rupees Forty-Two Thousand Five Hundred Only") to prevent numerical tampering, fraud, or misinterpretation of ambiguous handwritten digits. In the event of a discrepancy between digits and words, the amount in words takes legal precedence.
Can I deposit soiled, scribbled, or torn currency notes at any bank?
Yes. Under the RBI Note Refund Rules, all public and private bank branches are authorized to exchange or accept soiled, slightly torn, or scribbled genuine Indian currency notes across the counter without charging any fee.
What is the daily cash deposit limit for savings accounts?
There is generally no statutory daily upper cap on cash deposits, provided tax compliance is observed. However, aggregate cash deposits exceeding ₹10,00,000 across all accounts in a financial year are reported by banks to the Income Tax Department via the Statement of Financial Transactions (SFT).
Does this calculator support ₹2000 notes?
While ₹2,000 denomination banknotes remain legal tender, they have been withdrawn from active public circulation by the Reserve Bank of India and can only be exchanged at designated RBI regional offices. Therefore, this tool focuses on active denominations: ₹500 down to ₹1.