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Old notes of Rs 100, Rs 10 and Rs 5 to become illegal tender from 21 March? Here’s what RBI said

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Old notes of Rs 100, Rs 10 and Rs 5 to become illegal tender from 21 March? Here's what RBI has just said!

Demonetized Old notes of Rs 100, Rs 10, and Rs 5: Amid reports that the Reserve Bank of India (RBI) is planning to withdraw the old series of currency notes including Rs 100, Rs 10, and Rs 5 by March or April, the RBI has said that this is fake news and the Central Bank has no plan to withdraw these notes.

Speaking at the District Level Security Committee (DLSC) and District Level Currency Management Committee (DLMC) meeting organized by the District Lead Bank at Mangaluru’s Netravati Hall in Zilla panchayat, Mahesh said that the old currency notes of Rs 100, Rs 10 and Rs 5 will eventually go out of circulation as is the norm but they will remain legal tender.

However, even after 15 years of the introduction of Rs 10 coin, traders and businessmen have not accepted the coins which has become a problem for banks and RBI.