RBI has made a big announcement regarding the old notes (notes) of 5, 10 and 100 rupees. RBI says that she can withdraw these old notes soon.
New Delhi: Assistant General Manager of Reserve Bank of India (RBI) B Mahesh has shared important information about the practice of some old notes. RBI can withdraw old, 5, 10 and 100 rupee notes from Indian market. RBI AGM B Mahesh said that the RBI is considering a plan to withdraw the series of old notes of 5, 10 and 100 rupees.
What will be
the old notes After the announcement of the discontinuation of the old notes of 5, 10 and 100 rupees by AGM B Mahesh of RBI, the question is arising in the minds of many that what will happen to these old notes. The RBI issues new notes of the same price in the market before the old notes are put out of circulation. When new notes come into circulation in the market, then old notes can be withdrawn.
Also Read: RBI Notification:🤔Will old 100 rupee notes be Closed? Know the answer of RBI
Two years ago, in order to ban fake currency in the country, many new currency notes were issued. Now new notes have come into the market, soRBI can withdraw many old series notes to prevent fake currency . Whenever there is a ban on the circulation of these old notes, then people will be given time to deposit these old notes in the bank. The total value of these old notes will be deposited in the person’s bank account or new notes of the same price will be given to him.
10 rupee coins due to trouble, 10 rupee coins
issued by RBI have been a problem for the bank for a long time. Rumors of their being illegal appear in the market many times. It is due to these rumors that people shy away from taking coins of 10 rupees. Many 10 rupee coins do not have a rupee mark and there is doubt in the minds of people about them. Regarding this problem, RBI AGM B Mahesh has said that all banks should issue awareness instructions from time to time regarding coins of 10 rupees. RBI also said that banks should make every effort so that circulation of coins of 10 rupees remains in the market. Earlier, the RBI also conducted awareness campaigns to make the public aware about the validity of 10 rupee coins.
Old notes will not stop suddenly,
earlier, during demonetisation , the notes of 1,000 and 500 rupees were completely out of the market. This created an atmosphere of chaos among the people. In order to avoid this kind of problem, this time RBI is not completely out of the old currency notes of 5, 10 and 100 rupees. First, new notes of this price have been released in the market. Now after the circulation of these notes, old series notes can be withdrawn from the market.
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