No change in existing Currency and Banknotes: RBI

Indian Currency or Banknote Picture: The Reserve Bank of India (RBI) on Monday announced that there will be no change in the existing currency notes. The bank clarified that it is not contemplating any change in currency and banknotes by replacing the face of Mahatma Gandhi with the face of others.

"There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others. It may be noted that there is no such proposal in the Reserve Bank," said RBI in a release.

Till now only the picture of Mahatma Gandhi has been printed on currency or banknotes. But recently there was news that the photo of Rabindra Nath Tagore and former President of India APJ Abdul Kalam can also be seen on Indian currency or notes. But these reports have been rejected by the Reserve Bank of India. The bank said that there is no such proposal.