Old notes of 100, 10 and five rupees will be discontinue!

BusinessOld notes of 100, 10 and five rupees will be discontinue!

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Old notes of 100, 10 and five rupees will be discontinue!

New Delhi: In the coming March or April, the Reserve Bank of India is now preparing a plan to withdraw old 100 rupee notes. Not only this, which is in the old currency market of 10 and 5 rupees, RBI is also going to withdraw it. It is worth noting that this is not a ban on demonetisation, because 100 and 10 rupee notes had come in the market long time ago. Now according to the plan, RBI will gradually start collecting and withdrawing old notes from the market. However, new notes will also come in the market instead.

On this issue, RBI Assistant General Manager B Mahesh said that old notes of 100 rupees, 10 rupees and 5 rupees are going to be out of circulation soon as they are to be withdrawn from March-April under the RBI scheme. Now the old notes will be returned, the new notes will be brought back to the market.

Along with this he also expressed his concern over 10 rupee coins. B. Mahesh said that it has been 15 years since 10 rupee coins came in the market. But even after this, from small to big traders still hesitate to accept it, which has become a big problem for banks and even RBI. He said that slowly a large number of coins of 10 rupees are being deposited in banks, which are now a burden.

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