Before Holi, the Reserve Bank of India (RBI) has made a big announcement about 100 and 200 rupee notes. , RBI has said that it is going to issue new notes of 100 and 200 rupees soon. However, there will be no change in the design of these new notes.
These new notes will be signed by newly appointed Governor Sanjay Malhotra. According to the Central Bank, this is a common process. Under which every new governor is appointed and its signature notes are issued.
Why will RBI release new notes?
The RBI issues new notes from time to time with the signature of the current governor. It is a regular process to issue new notes after the appointment of the new RBI governor. These new notes will soon come into vogue. Sanjay Malhotra will replace Shaktikanta Das in December 2024 as the 26th Governor of RBI.
What will happen to old notes?
The Central Reserve Bank has said that all 1000 rupee notes issued earlier have been canceled. 100 and Rs. 200 rupee notes will remain valid currency and they will not be replaced. There will be no effect on the validity of old notes in circulation. This means that no demonetisation is being done.
New 50 rupee notes
The RBI has announced the issue of a new bank note of Rs 50 with the signature of Sanjay Malhotra. The 50 rupee notes will also be of the current design of the Mahatma Gandhi (new) series. The central bank has also confirmed that all 1000 rupee notes issued earlier will remain valid and valid. These new notes will only be signed by RBI Governor Malhotra and there will be no other changes.
