The Reserve Bank of India (RBI) has clarified that there is no proposal to replace the face of Mahatma Gandhi with that of others on currency and banknotes.

The RBI said there are reports in certain sections of the media that the central bank 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,” it said.

The Father of the Nation’s watermark figure is present on all denominations of Indian currency notes.

Earlier, several reports claimed that the finance ministry and the RBI were contemplating to use the faces of other prominent Indians, including Rabindranath Tagore and APJ Abdul Kalam, on banknotes of certain denominations.