The RBI will shortly issue news notes of Rs 100 denomination

Ayupp

Mumbai, New Rs 100 Notes: The Reserve Bank of India will shortly issue ₹ 100 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the numbering panels, bearing the signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote.

However, the old notes of Rs 100 denominations will continue to be legal tenders.

The design of these banknotes to be issued now is similar in all respects to the ₹ 100 banknotes 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. (Ref- Press Release No. 2015-2016/2454 dated April 20, 2016).

Reserve Bank of India had also issued ₹ 100 denomination banknotes with the ascending size of numerals in the number panels but without bleed lines and enlarged identification mark. These banknotes will remain in circulation concomitantly with the banknotes being issued now.

All the banknotes in the denomination of ₹ 100 issued by the Bank in the past will continue to be legal tender.

There is no further clarification on how many such notes will be printed. PM Narendra Modi on the evening of November 8 announced that old denominations of Rs 500 and Rs 1000 will not be legal tenders starting November 9 in order to curb corruption and weed out black money from the country.



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