RBI soon to issue new currency of Rs 100, old notes to continue to be legal

Photo of Indian currency note of Rs 100.

Mumbai: The Reserve Bank of India (RBI) today announced that it will shortly issue new currency note of Rs 100, with some changes on both sides of the note.

According to official statement from RBI said, it will shortly issue new Rs 100 denomination banknotes.

On other hand, the old notes will remains in circulation of this denomination and will continue to be legal tender.

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In an statement from RBI said, “The Reserve Bank of India will shortly issue Rs 100 denomination bank notes in the Mahatma Gandhi Series-2005, without inset letter in both the numbering panels, bearing the signature of Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of the bank note.”

The new design of these bank notes to be issued now is similar in all respects to the Rs 100 bank notes in Mahatma Gandhi Series-2005 issued earlier having ascending size of numerals in the number panels, bleed lines, and enlarged identification mark, on the obverse.

The statement added, “Reserve Bank of India had also issued Rs 100 denomination bank notes with the ascending size of numerals in the number panels but without bleed lines and enlarged identification mark. These bank notes will remain in circulation concomitantly with the bank notes being issued now.”

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Interestingly, it has not been made clear from the apex bank side that how many new notes would be printed for circulation.