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Saturday, 23 January 2021

The Reserve Bank of India (RBI) has taken a major decision to withdraw Rs 100, Rs 10 and Rs 5 notes in old notes.

The Reserve Bank of India (RBI) has taken a major decision to withdraw Rs 100, Rs 10 and Rs 5 notes in old notes.

 Important decision of RBI
 100, 10 and 5 rupee notes can be withdrawn
 Announcement made by RBI's Assistant General Manager
 On Friday, RBI Assistant General Manager B Mahesh announced that the central bank was considering withdrawing the old series of Rs 100, Rs 10 and Rs 5 by March or April.  Following the RBI's announcement, the old notes will be out of circulation.
 Will be withdrawn by April

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 Regarding the withdrawal of these old notes from the public, B Mahesh said the RBI plans to withdraw these notes by March or April.  This was stated by Assistant General Manager B. Mahesh at a meeting of District Level Security Committee (DLMC) and District Level Currency Management Committee (DLMC) organized by District Lead Bank at Netravati Hall after the RBI decided to withdraw the notes.


 B Mahesh said that even 15 years after the introduction of the 10 rupee coin, traders and industrialists have not accepted the coin.  Which has become a problem for banks and the RBI.  He said, "Banks should inform the people about spreading rumors about the validity of the coin. Along with this, the bank should find ways to promote the 10 rupee coin among the people.

 On November 8, the Modi government decided to ban banknotes

 Let me tell you that the Reserve Bank of India introduced a new look of Rs 100 in the year 2019, which has a picture of Ranaki Vav on the banks of Saraswati river in Patan, Gujarat.  At the same time, before this, on November 8, 2016, the Modi government closed the old 500 and 1000 notes and printed new notes with the aim of removing counterfeit currency from circulation.  Including 500 and 2000, 200 notes.

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