RBI to Issue New ₹100 and ₹200 Notes: What Happens to Old Notes?
RBI to Issue New ₹100 and ₹200 Notes: What Happens to Old Notes?
The Reserve Bank of India (RBI) has announced the issuance of new ₹100 and ₹200 banknotes, bringing clarity to concerns about the validity of existing notes. However, there will be no change in design, and the new notes will be identical to those currently in circulation under the Mahatma Gandhi (New) series.
New Notes to Feature RBI Governor Sanjay Malhotra’s Signature
According to RBI, the newly issued ₹100 and ₹200 notes will bear the signature of Sanjay Malhotra, who assumed office as the 26th RBI Governor in December 2024, replacing Shaktikanta Das. This is a standard practice, as every new RBI governor’s appointment is followed by the issuance of banknotes featuring their signature.
What Happens to Old ₹100 and ₹200 Notes?
The RBI has confirmed that all previously issued ₹100 and ₹200 notes will continue to be legal tender. There will be no demonetization or withdrawal of these banknotes, and the existing currency will remain in circulation without any impact on its validity.
₹50 Notes with New Signature Also to Be Released
In addition to ₹100 and ₹200 notes, the RBI has also announced the issuance of ₹50 notes with Sanjay Malhotra’s signature. These notes will also retain their existing design, and all previously issued ₹50 notes will remain valid for transactions.
Why is RBI Issuing New Notes?
The release of new notes is part of RBI’s routine procedure, ensuring a smooth flow of currency and reinforcing public confidence. The reasons behind this issuance include:
Routine process of updating the governor’s signature on currency notes.
Ensuring the continuous validity of banknotes in circulation.
Maintaining an adequate supply of currency in the market.
The RBI’s move to release these new notes is a regular practice, and there is no need for the public to panic. The older notes will continue to be valid and widely accepted across the country.
