100, 10, and 5 rupee notes will not valid after March? RBI gave information

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RBI on notes

New Delhi: A news has come out about the old notes of 100, 10, and 5 rupees. The Reserve Bank of India has informed that these notes may be out of circulation soon. After March, RBI can remove all old notes from circulation. However, nothing has been officially said by RBI in this regard yet. Reserve Bank of India Assistant General Manager B Mahesh has said that the RBI is working on a plan to withdraw the series of these old notes.

According to the news of money control, B. Mahesh said this in the District Level Security Committee (DLSC) meeting. Actually, new notes have already come into circulation in exchange of old notes of 100 rupees, 10 rupees and 5 rupees. In such a situation, if the old notes are closed, then people will not have any problem.

RBI on notes

The general public will not have problems
Let us tell you that the Reserve Bank of India has said that people had a lot of trouble at the time of demonetization, then this time RBI will ensure that as many old notes are in circulation, as many new notes come in the market, so that people do not have any problem And this series will not be stopped suddenly.

What RBI said?
When the Reserve Bank of India issued 100 rupee notes in the year 2019, then it was clear that ‘all the 100 rupee notes issued earlier will also continue as legal tender’. Apart from this, the central bank issued notes of Rs 200 and Rs 200 notes after demonetization on 8 November 2016.

To curb fake currency
Let us tell you that RBI keeps withdrawing old notes from time to time and continues to issue new notes. This step is taken by RBI to check fake currency. After the official announcement, all the old notes which are closed later, have to be deposited in the bank.

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