Are Old ₹100, ₹200, and ₹50 Notes Going to Be Scrapped? Know the Truth. Key Features of New Banknotes Inside

New Delhi: The Reserve Bank of India (RBI) will soon issue new ₹100 and ₹200 currency notes featuring the signature of the newly appointed RBI Governor, Sanjay Malhotra.

Do You Need to Exchange Existing Notes?

No, there is no need to exchange the existing ₹100 and ₹200 notes, as they will remain legal tender.

Key Features of the New Banknotes

-The new ₹100 and ₹200 notes will be signed by RBI Governor Sanjay Malhotra.
-Their design will remain the same as the existing ₹100 and ₹200 banknotes in the Mahatma Gandhi (New) Series.
-There will be no changes in color, security features, or patterns.

Also Read: 5 Things to Know About Sanjay Malhotra, The Newly Appointed RBI Governor

Will Old Notes Be Scrapped?

No, the RBI has confirmed that the existing ₹100 and ₹200 notes will continue to be valid and remain legal tender. The issuance of new notes is a routine process whenever a new RBI Governor takes office.

Sanjay Malhotra was appointed as RBI Governor in December 2024, succeeding Shaktikanta Das, who served from 2018. His tenure is set for three years.

New ₹50 Note to Be Issued Soon

The RBI is also preparing to issue new ₹50 notes with Sanjay Malhotra’s signature, maintaining the same Mahatma Gandhi (New) Series design.

The RBI follows this standard procedure to ensure smooth currency circulation, seamless banking operations, and cash flow stability in the market.