Recently, there were reports of the old series of currency notes including 100 rupees being discontinued from the month of March, after which the central bank Reserve Bank of India (RBI) has clarified this on Monday. The central bank has clarified in a tweet that media reports of Rs 5, Rs 10 and Rs 100 banknotes being out of circulation are false and the RBI has no plans to do so.
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.
— ReserveBankOfIndia (@RBI) January 25, 2021
Let us know that after the demonetisation in 2016, the Rs 1,000 note was completely closed, while the Rs 500 note was also declared invalid. A new currency note of 500 was started. New notes of 5, 10 and 100 rupees have been brought, but their old notes have been retained. In 2016, the government introduced a new note of the largest denomination – 2,000.
Let us know that in 2018, the Reserve Bank of India issued new-look currency notes in series of 10, 50 and 200 rupees. In 2019, 100-rupee new-look notes were released. However, RBI had made it clear that the series of 100 rupee notes already running in the market will remain valid as before.
In some recent media reports, it was claimed that RBI has decided to ban the old notes of 5, 10 and 100 rupees and these currency notes will be closed from March 2021, which the RBI has said is wrong. .