After the surgical strike on Rs 500 and Rs 1,000 notes, RBI has turned towards the Rs 100 notes now. Yes, as per a recent announcement by RBI, it will soon put into circulation of new Rs 100 bank notes which will be similar to the design of the ones in Mahatma Gandhi Series-2005.

However, there is no need to worry because you can still use your old Rs 100 notes. RBI announced that old Rs 100 currency would be considered as legal tender.

As per the Notification announced by RBI, it said

“The Reserve Bank will shortly issue Rs 100 denomination ban notes 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.“

All the bank notes in the denomination of Rs 100 issued by the Bank in the past will continue to be legal tender, RBI added.

RBI also said that,

The design of these new bank notes to be issued now are similar in all respects to the Rs 100 bank notes in Mahatma Gandhi Series- 2005 issued earlier. The year of printing ‘2017’ will be on the reverse of the banknote.

Among the features of the bank notes, there would be the ascending size of numerals in the number panels, bleed lines, and enlarged identification mark on the obverse.

Hence, RBI is going to issue new notes of Rs 100 and this is indeed going to provide major relief. 

What do you think of this latest move? Let us know your views in our comments section below.

H/t: News Source