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This is What RBI Has to Say About Old Rs100 Notes Going Out of Circulation by March

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Putting an end to speculations regarding the withdrawal of old currency notes of Rs 100, Rs 10 and Rs 5 from circulation, the Reserve Bank of India clarified over social media that the information is incorrect.

a hand holding a glass: This is What RBI Has to Say About Old Rs100 Notes Going Out of Circulation by March© Provided by News18 This is What RBI Has to Say About Old Rs100 Notes Going Out of Circulation by MarchTaking to Twitter, the central bank wrote, ‘With regard to reports in certain sections of media on withdrawal of old series of ₹100, ₹10 & ₹5 banknotes from circulation in near future, it is clarified that such reports are incorrect’.

Recently, RBI had been making headlines with regards to a report that claimed it is planning to withdraw the old series of currency notes by March or April of this year.

Such reports were also shunned by the Press Information Bureau (PIB) stating that the Reserve bank had made no such announcement.

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It was earlier announced by the Assistant General Manager (AGM) of the RBI B Mahesh at the District Level Security Committee Meeting that old currency notes of Rs 100, Rs 10, and Rs 5 will eventually go out of circulation as is the norm but they will remain legal tender.

New currency notes of 100 rupees were released by the RBI in 2019 in the color lavender. While issuing these new notes, the central bank had maintained that all Rs 100 banknotes issued earlier will also continue to be legal tender.

Courtesy – MSN

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