Will Old Notes Of Rs 100, 10 Go Out of Circulation From March End?

Will Old Notes Of Rs 100, 10 Go Out of Circulation From March End?

In the midst of theories and reports are regulating that the flow of old cash notes of Rs 100, 10 and 5 would stop forever by March-April, the Reserve Bank of India (RBI) said that the Central bank has no such plans and named the report as 'phony'. An RBI representative whipped such bogus reports and explained that they are not planning any such move. Nonetheless, there is no authority affirmation from RBI at this point on the issue.
The deceptive data prompted disarray among individuals. Rubbishing all the bits of gossip, a reality check by the Press Information Bureau (PIB) expressed that the cases that these cash notes will be removed from dissemination, is totally unmerited and deluding. The explanation named the case as 'phony' and said that the RBI has not made any such declaration in such manner.

    As announced by a few media distributions, Assistant General Manager (AGM) of the Reserve Bank of India (RBI) B Mahesh while talking at the District Level Security Committee (DLSC) and District Level Currency Management Committee (DLMC) meeting, expressed that the old cash notes of Rs 100, Rs 10 and Rs 5 will ultimately leave market as RBI intends to pull out them by March-April.

New cash notes of 100 rupees were delivered by the Reserve Bank of India in 2019. The RBI had issued new Rs 100 notes in lavender colour with the theme of 'Rani ki vav' – a stepwell situated on the banks of Saraswati river in Gujarat's Patan. "All Rs 100 banknotes issued before will likewise keep on being lawful delicate," the national bank said while declaring the issue of the new Rs 100 notes. The RBI presented a Rs 200 note notwithstanding the money note in category of Rs 2,000 after the demonetisation on November 8, 2016.
In 2019, reacting to a RTI inquiry, the Reserve Bank of India (RBI) passed on that it has stopped the printing of high-esteem banknotes. This gives a clarification to the less Rs 2000 notes being sourced by ATMs.

Discussing the Rs 10 coin, even following 15 years of its presentation, the coin has not been acknowledged by dealers and financial specialists, which has become an issue for banks and RBI. A few bits of gossip surfaced around the coin that made uncertainty among the individuals about its legitimacy. Merchants retailers actually decline to take Rs 10 coin that don't have a rupee image on them.

Comments (1)

Keshu bhardwaj 2021-01-30 04:12:38

Appreciate your work @EditorđŸ˜›

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