NO PLANS OF WITHDRAWING OLD ₹100, ₹10, ₹5 NOTES: RBI

MUMBAI: The Reserve Bank of India (RBI) on Monday refuted reports of withdrawal of old series of ₹100, ₹10 and ₹5 currency notes.

“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,” the RBI said in a tweet.

While announcing the issuance of new ₹100 denomination banknotes with base colour Lavender in July 2018, RBI had said banknotes in the denomination of ₹100 issued by it in the earlier series will continue to be legal tender.

IN 2018, RBI HAD SAID ₹100 CURRENCY NOTES ISSUED BY IT IN THE EARLIER SERIES WILL CONTINUE TO BE LEGAL TENDER