What are the reason behind the decision of the Reserve Bank of India to Withdraw currency notes issued before 2005 ?

Options

A. To replace them with plastic notes
B. to check counterfeit notes
C. To replace mutilated and spoit notes
D. To check illicit notes of Pakistan

Answer

B

Explanation

The Reserve Bank of India said its move to withdraw currency notes printed before 205 is to check counterfeit notes and these notes will continue to be legal tender even after the July deadline. It clarified that the move to withdraw has been taken because they have fewer security features compared to banknotes printed after 2005.