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RBI to put new Rs 100 currency notes in circulation very soon

RBI Also Made It Clear That The Older Rs 100 Banknotes Will Continue To Be Legal Tender.

News Nation Bureau | Edited By : Manas Dwivedi | Updated on: 04 Feb 2017, 01:45:32 PM
Rs 100 currency note (source: Getty)

New Delhi :

Get ready to see new Rs 100 currency note. Yes, you heard it right; The Reserve Bank of India is all geared up to put the new bank note in circulation soon.

RBI is expected to soon issue new Rs 1000 note which will be similar to the design of the familiar notes in the Mahatma Gandhi Series-2005.

RBI in a notification said, “The Reserve Bank will shortly issue Rs 100 denomination banknotes+ in the Mahatma Gandhi Series-2005, with the inset letter R in both the number panels, bearing the signature of Dr Urjit R Patel, Governor, Reserve Bank of India.”

Also, the new Rs 100 note will bear ‘2017’ written on the reverse.

Also read: Note ban | RBI allows NRIs to exchange old defunct banknotes up to June 30

Clarifying the air about its designing, RBI said that the design of the new Rs 100 note will be similar to those of currently available Rs 100 note in Mahatma Gandhi Series- 2005.

Among other features of the banknote, the numerals in the note will be written in the ascending order in the number panel, with bleed lines and bigger identification marks on the obverse.

RBI also made it clear that the older Rs 100 banknotes will continue to be legal tender. 

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First Published : 04 Feb 2017, 01:25:00 PM

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RBI New Rs 100 Note