Old notes of 100 rupees will be discontinued from March: RBI - Newztezz Online

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Friday, January 22, 2021

Old notes of 100 rupees will be discontinued from March: RBI


Mangalore: 
Reserve Bank of India (RBI) General Manager BM Mahesh informed that since March old notes of 100 rupees will not be in circulation. New notes of 100 rupees will now be used.
 

Talking at the district level banking security and cash management meeting held at Netravati Hall, the district panchayat, he said that old 100 rupee notes will be withdrawn as most of the notes are fake. RBI has not been printing them for the last 6 months.

People need not panic by returning the note. This decision has been taken only to bring new notes into circulation.

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