Reports had been doing the rounds that the old series of banknotes of Rs 5, Rs 10 and Rs 100 will be out of circulation soon.
But the Reserve Bank of India (RBI) has rubbished the reports, saying that the old currency notes will not become invalid from March.
Reports in a section of media recently had claimed that the RBI will soon withdraw the earlier series of Rs 5, Rs 10 and Rs 100 notes from circulation from March this year.
However, the RBI has clarified that these reports are incorrect.
The RBI said, “With regard to reports in certain sections of media on withdrawal of old series of Rs 100, Rs 10 & Rs 5 banknotes from circulation in near future, it is clarified that such reports are incorrect.”
With regard to reports in certain sections of media on withdrawal of old series of ?100, ?10 & ?5 banknotes from circulation in near future, it is clarified that such reports are incorrect.
— ReserveBankOfIndia (@RBI) January 25, 2021
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The Fact Check division of the Press Information Bureau (PIB) has also clarified that the reports doing the rounds in a certain section of the media on the matter are ‘fake’.
“RBI has not made any announcement to discontinue usage of old currency notes of Rs 5, Rs 10 and Rs 100,” PIB Fact Check tweeted.
?? ??? ??? ???? ???? ?? ??? ?? ?? ?????? ?????? ?? ?? ??????? ?? ?????? ????? 2021 ?? ??? 5, 10 ?? 100 ???? ?? ?????? ??? ???? ???????#PIBFactCheck: ?? ???? #??????? ??? @RBI ?? ??? ??? ????? ???? ?? ??? pic.twitter.com/WiuRd2q9V3
— PIB Fact Check (@PIBFactCheck) January 24, 2021
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Earlier in 2018, the RBI had introduced new-look currency notes in the denominations of Rs 10, Rs 50 and Rs 200.
Later in 2019, the RBI had also introduced a new lavender-coloured Rs 100 currency notes.