RBI will soon issue new Rs 100 notes, but old ones will remain legal tender too
The central bank had recently said it would print new Rs 50 and Rs 20 currency, as well.
The Reserve Bank of India on Tuesday announced that it would print new Rs 100 notes, though notes of this denomination in circulation will still be legal tender. The announcement comes almost a month after the Centre demonetised Rs 500 and Rs 1,000 notes, and as the country faces a severe cash deficit.
New Rs 50 and Rs 20 notes will also be printed. The RBI had introduced the new Rs 2,000 note following the demonetisation announcement, while new versions of Rs 500 currency have been printed and circulated.
The new Rs 100 notes will not have an inset letter in the numbering panels, but they will bear features similar to the existing currency notes. The ones that will be printed will have RBI Governor Urjit Patel’s signature and 2016 as their year of printing. They will also have “ascending size of numerals in the number panels, but without bleed lines, and an enlarged identification mark”. The notes will be part of the Mahatma Gandhi Series-2005.
