Assistant General Manager of the Reserve Bank of India, B. Mahesh said that RBI is planning to withdraw the old series of currency notes including Rs 100, Rs 10, and Rs 5 by March or April. Mahesh said that the old currency notes of Rs 100, Rs 10 and Rs 5 will eventually go out of circulation as RBI plans to withdraw them by March-April. In 2019, RBI had issued new Rs 100 notes in lavender colour having motif of ‘Rani ki vav’ – a stepwell located on the banks of Saraswati river in Gujarat’s Patan.
He added that even after 15 years after the introduction of Rs 10 coin, public has not accepted the coins which have become a problem for banks. He said that Rs 10 coins have been piled up in the chest of banks. Adding that banks should make people aware of the rumors that are being spread about the coin’s validity, he said that the bank should find ways to push the Rs 10 coin among the public.