RBI to Upgrade Rs.100, Rs.500 Notes: No Demonetization, Enhanced Security

• RBI announces upgrade of security features for Rs.100 and Rs.500 notes to combat counterfeiting and improve durability.
• The decision aims to reduce fake currency and extend the lifespan of frequently circulated notes.
• RBI clarifies there will be NO demonetization; existing Rs.100 and Rs.500 notes remain valid and will circulate alongside new ones.
• Upgrades focus on better paper quality, stronger ink, improved watermarks, and enhanced micro-printing for Rs.500 notes.
• The changes are crucial for the economy, ensuring smooth cash transactions despite the rise in digital payments.