00:00RBI has made a big announcement about Rs 100 and Rs 200 notes.
00:09Actually, the Indian Reserve Bank is going to issue new notes of Rs 100 and Rs 200 soon.
00:14So what will happen? Will the notes of Rs 100 and Rs 200 be closed?
00:17Why are new notes being issued? What is the whole story behind it?
00:21Let's know in this video.
00:22So the new notes of Rs 100 and Rs 200 are going to be issued.
00:26There will be no change in their design.
00:28RBI has informed that Governor Sanjay Malhotra will sign on these new notes.
00:34This is a normal process in which after the appointment of a new governor,
00:38his signature notes are issued.
00:40Now the question is, will the old notes be removed?
00:44So it is not at all.
00:46RBI has clarified that the old Rs 100 and Rs 200 notes will remain legal and will not be changed.
00:52RBI has said that these new notes will soon be made available in banks and ATMs.
00:57Now let's know where people use the most cash.
01:01Along with this, we will also know that after closing the notes of Rs 2000,
01:05how has the cash flow been in India?
01:08So according to the reports, despite closing the notes of Rs 2000,
01:11the flow of cash in the country has increased more than before.
01:14If you look at the figures of RBI, you will find that in March 2017,
01:18the cash circulation was Rs 13.35 lakh crore.
01:23By March 2024, it has increased to Rs 35.15 lakh crore.
01:28Apart from this, digital transactions are also increasing rapidly through UPI.
01:32In March 2020, UPI transaction was Rs 2.06 lakh crore.
01:37By February 2024, it has increased to Rs 18.07 lakh crore.
01:42While talking about the whole of 2024, this year the digital transaction has been of Rs 172 billion.
01:49In some states, the most money is withdrawn from the ATM.
01:52According to reports, in Delhi, Tamil Nadu, Uttar Pradesh, West Bengal and Karnataka,
01:56the most money has been withdrawn from the ATM during the financial year 2024.
02:01In fact, during festivals and elections, the demand for cash increases.
02:05Apart from this, the digital payment in rural areas is also very limited.
02:09Because of this, people use more cash here.
02:13So in this case, you don't have to worry at all.
02:16Because there is no note ban, this is a regular process.
02:20Whenever a new governor takes office,
02:23new notes are issued at the time of his signature.
02:28This keeps the monetary system stable.
02:30New banknotes will come into circulation soon.
02:33Sanjay Malhotra replaced Shakti Kant Das as the 26th Governor of the Indian Reserve Bank in December 2024.
02:42Earlier, the RBI announced the issuance of new notes worth Rs 50.
02:48And those notes will also be of Mahatma Gandhi's new series.
02:53The RBI confirmed that all the Rs 50 notes issued earlier will be legal tenders.
02:59They will remain in circulation.
03:02That is, the only new thing is that the updated signatures of the RBI Governor will be there.
03:07There will be no change in the design and there will be no note ban.
03:11That's all in the video.
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