An important piece of information has been provided by the RBI regarding the circulation of old notes of 100 rupees, 10 rupees, and 5 rupees. According to the Reserve Bank of India, all these old notes will be out of circulation after March-April. This information has been given by Reserve Bank of India General Manager B Mahesh. Actually, the RBI has informed that it is working on a plan to withdraw the series of these old notes.
According to Reserve Bank of India General Manager B Mahesh, old currency notes of Rs 100, Rs 10, and Rs 5 will eventually go out of circulation, as the RBI plans to withdraw them by March-April. Actually, new notes have already come into circulation in exchange for old notes of 100 rupees, 10 rupees, and 5 rupees.
What will happen to the new 100 rupee notes
A new note of 100 rupees was released by the Reserve Bank of India in the year 2019. Actually, in the form of demonetization, there was chaos on the closure of 500 and 1000 notes. Therefore, now the RBI does not want to suddenly close any old note, so first, a new note of that value is brought into circulation in the market. The old note is being taken out of circulation only after it is fully in circulation.
What will happen to the 10 rupee coins
In fact, many rumors are spread in the market about 10 rupee coins that is not valid. Coins that do not have a rupee symbol on them, many traders or small shopkeepers refuse to take them. On this, the RBI says that this is a matter of problem for the bank, so the bank periodically issues advice to avoid such rumors.
Old notes will be out of such fashion
When the Reserve Bank of India issued 100 rupee notes in the year 2019, then it was clear that “All previously issued 100 rupee notes will also continue as legal tender”, besides the central bank demonetization on 8 November 2016. After Rs, 2,000 notes in addition to Rs 2,000 were issued.