RBI Note: The Reserve Bank of India (RBI) has announced that it will issue new bank notes of Rs 100 and Rs 200. Most of the customers are confused about this time with the RBI announcement, willn’t old notes of Rs 100 and 200 rupees run? Actually, the newly appointed Governor Mr. Sanjay Malhotra’s sign will be issued. These notes will be released under the Mahatma Gandhi series.
Old notes will also be valid
The RBI has made it clear that the old 100 rupees and 200 rupee notes will remain valid as before and their trend will continue. The design of new notes will be similar to the existing notes. Only the governor’s signature will change.
New notes will be released under routine process
The RBI issues new notes with the signed signed by the current governor from time to time. So that, continuity in the monetary system remains. These new notes will be brought into circulation soon.