Following the introduction of new 200 and 50 rupee notes, Reserve Bank of India (RBI) now announced the release of new 100 rupee notes. Similar to the announcement on low denomination notes, the old denominations of rs 100 will be in legal tender, the notification added.
Back then in December 2016, government released a statement saying, “The Reserve Bank of India will shortly issue Rs 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.”
The statement further said that the design and outlay of the new 100 rupee notes will be mostly same to the 2005 Mahatma Gandhi series that carries ascending size of numerals in the number panels, bleed lines, and enlarged identification mark, on the obverse.
On a lighter note, sources claimed that the currencies are in testing and submitted to the organizations for the alterations.
According to the latest sources close to the Central Bank, there will be some dimensional similarity in the new 100 rupee notes that could actually save them from going through with the trouble of recalibration of the ATM machines again. The whole process will take some time to take shape and it’ll be at least months until the banks are able to spread the money all over the market so that it can trickle into normal use.
Meanwhile, the color, pattern, and content on the note might not be altered, except for the size, read the sources from RBI.
As of now, India has denominations of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000. And the RBI already released new fifty rupee notes at the beginning of the year. This process of releasing new designs for currency notes should be very profitable for the citizen and hopefully, it is done in a less complicated manner that didn’t push people into further trouble.
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