The Reserve Bank of India (RBI) has made a big announcement regarding 100 and 200 rupees. After which people feel that both these notes are going to be discontinued. Actually RBI is going to issue new notes of 100 and 200 rupees. However, there will not be much change in their design. But it will be signed by the new governor Sanjay Malhotra.
Old notes will not be discontinued
At the same time, RBI has made it clear that the old notes of 100 and 200 will continue to run as before. They are not being discontinued. Rather, notes with the signature of the new governor will be brought in the market soon. After the clarification of RBI, it becomes clear that the old notes are not going to be discontinued.
Cash transaction of 35.15 lakh crores
According to a report, the circulation of cash in the country has also increased a lot at this time. By March 2024, cash worth Rs 35.15 lakh crore is being used in the country. In 2017, the cash circulation was Rs 13.35 lakh crore. While UPI payment is also growing rapidly. In the year 2024, online transactions worth 172 billion have taken place.
ATM is used the most in Delhi
According to the report, ATMs are used the most in the country in the capital Delhi and UP. After that, money is withdrawn from the machine from Tamil Nadu, West Bengal, Karnataka. At the same time, the demand for cash increases during festivals and cash is also used the most these days.