Governor Das, who was addressing the media in a press conference after the Monetary Policy Committee announcements on Thursday, also said that the central bank is not considering withdrawing Rs 500 notes or re-introducing Rs 1,000 notes, and urged the public to not speculate over the same.
The RBI has a system in place for the disposal of out-of-use notes. They can come back as recycled banknotes or can be turned into briquettes. Read on to find out more