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Following the note ban, old notes were allowed to be deposited in banks, with unusual deposits coming under the Income Tax department's scrutiny.
Updated Jan 25, 2021 | 16:36 IST RBI clarified that there are no plans to take Rs 100, Rs 10 and Rs 5 denomination notes out of circulation as claimed in a certain section of media Rs 100, Rs 10 & Rs 5 notes are not being withdrawn: RBI quashes reports | Photo Credit: Representative Image The Reserve Bank of India (RBI) quashed news reports that the old series of Rs 100, Rs 10 and Rs 5 denomination notes will be demonetised by March-April this year. “With regard to reports in certain sections of media on withdrawal of old series of Rs 100, Rs 10 & Rs ...
Highlights RBI spokesperson dismissed reports that claimed that old currency of Rs 100 would go out of circulation by March-April. The central bank termed the reports as baseless and wrong. It said the RBI is not planning any such move. NEW DELHI: Amid speculations and reports doing round that the circulation of old currency notes of Rs 100, 10 and 5 would stop permanently by March-April, the Reserve Bank of India (RBI) said that the Central bank has no such plans and termed the report as 'fake'. An RBI spokesperson thrashed such false reports and clarified that they are not planning any s...
: Friday, January 22, 2021, 1:31 PM IST Old Rs 100 notes to go out of circulation by March? Here's what RBI has to say On Friday, Assistant General Manager of the Reserve Bank of India (RBI) B Mahesh said that the Central bank is planning to withdraw the old series of currency notes including Rs 100, Rs 10, and Rs 5 by March or April. He was speaking at the District Level Security Committee (DLSC) and District Level Currency Management Committee (DLMC) meeting organised by the District Lead Bank at Netravati Hall in Zilla panchayat. Mahesh said that the old currency notes of Rs 100, Rs 10 ...