shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > Mumbai > Mumbai News > Article > No proposal to replace Mahatma Gandhis picture on banknotes RBI

No proposal to replace Mahatma Gandhi's picture on banknotes: RBI

Updated on: 06 June,2022 05:07 PM IST  |  Mumbai
ANI |

Referring to media reports that claimed that the Finance Ministry and the Reserve Bank of India were considering a proposal to also use images of famous personalities like Rabindranath Tagore and APJ Abdul Kalam on banknotes, the RBI clarified that there is no such proposal

No proposal to replace Mahatma Gandhi's picture on banknotes: RBI

Representative image

The Reserve Bank of India (RBI) has clarified that it has no proposal to replace the father of the nation Mahatma Gandhi's picture on currency notes.


Referring to media reports that claimed that the Finance Ministry and the Reserve Bank of India were considering a proposal to also use images of famous personalities like Rabindranath Tagore and APJ Abdul Kalam on banknotes, the RBI clarified that there is no such proposal.


"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," Yogesh Dayal, Chief General Manager, said in a statement.


The RBI's statement comes a day after reports appeared in several publications claiming that the central bank and the Finance Ministry were considering a proposal to use the image of some other famous personalities alongside Mahatma Gandhi, the father of the nation.

The reports had claimed that new series of banknotes of some denominations would be released with watermark images of Rabindranath Tagore and the late former president of India APJ Abdul Kalam.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK