No Plans of Withdrawing Old ₹ 100 Notes, Says RBI

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The Reserve Bank of India has denied reports that old currency notes will become invalid from March this year. The central bank clarified in a twitter statement that media reports on withdrawal of old series of banknotes of ₹ 5, ₹ 10 and ₹ 100 from circulation were incorrect.

The ₹ 1,000 and ₹ 500 currency notes were rendered invalid by demonetisation that took place in the year 2016, but old notes of ₹ 5, ₹ 10 and ₹ 100 have continued as legal tender.

Some recent reports had claimed that the RBI had decided to ban ₹ 5, ₹ 10 and ₹ 100 notes and these would not be acceptable currency from March 2021.

In 2018, the Reserve Bank of India (RBI) had issued new -look currency notes in the denominations of ₹ 10, ₹ 50 and ₹ 200. And in 2019, the RBI had introduced new lavender-coloured ₹ 100 currency notes. It had asserted at the time that all ₹ 100 currency notes issued earlier would also continue to be legal tender.

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