Fact check: RBI has taken no decision on withdrawal of old Rs 5, 10 and 100 notes

at 11:46 am

New Delhi (NVI): A viral news doing rounds on social media claimed that the Reserve Bank of India (RBI) is planning to withdraw the old series of Indian currency notes including Rs 100, Rs 10, and Rs 5 after March 2021.

Refuting such claims on social media, the fact check wing of Press Information Bureau (PIB) busted the news as fake and said that the Reserve Bank of India has made no such announcement.

PIB wrote in a tweet in Hindi, “It is being claimed in a news that according to the information given by RBI, old notes of 5, 10 and 100 rupees will not run after March 2021.

#PIBFactCheck: This claim is #Farzi. @RBI has not made any such announcement.”

The media reports quoted the Assistant General Manger of RBI, B Meena, who had said that the bank is planning to withdraw old series of Rs 5, Rs 10 and Rs 100 currency notes and put them out of legal money flow in the economy.

An RBI spokesperson has also thrashed the report and clarified that it has no plan to withdraw these notes, according to the reports.

The Press Information Bureau launched this fact-checking unit in December 2019, to identify misinformation related to government’s policies and schemes that are circulating on various social media platforms.