New 100 and 200 Rupee Notes: Reserve Bank of India (RBI) Has shared important information about 100 and 200 rupee notes. Soon new new notes of these values will be released in the market. However, there has been no change in their design. RBI said that these new notes will be signed by Governor Sanjay Malhotra. This process is performed after the appointment of every new governor, in which their signature notes are issued.
Old notes will also be valid
RBI clarified that 100 and 200 rupee notes already prevalent will be completely valid and will not need to be replaced. New notes will soon be available in banks and ATMs.
According to reports, despite the closure of 2,000 rupee notes, the circulation of cash in the country has increased more than before. According to RBI data, cash circulation in March 2017 was Rs 13.35 lakh crore, which increased to Rs 35.15 lakh crore by March 2024.
Tremendous boom in digital payment
However, digital payments are also increasing rapidly. In March 2020, the digital transaction via UPI was Rs 2.06 lakh crore, which increased to Rs 18.07 lakh crore by February 2024. Talking about the entire 2024, digital transactions have been up to about 172 billion rupees so far.
