On Tuesday, February 09, 2017; RBI in it’s official statement said that soon new Rs.100 denomination notes will be put into circulation. The new notes will have enlarged identification features. RBI said it has already put to circulation Rs. 100 currency notes with the ascending size of numerals in the number panels but without bleed lines and enlarged identification mark. Also, all the banknotes in the denomination of Rs. 100 issued by the Bank in the past will continue to be legal tender.
Feature of New Rs.100 Denomination Notes:
RBI said that the design of these banknotes to be issued now are similar in all respects to the Rs. 100 bank notes in Mahatma Gandhi Series- 2005 issued earlier. However, following are the features of the new Rs.100 currency:
- As per RBI, it will shortly issue Rs. 100 denomination bank notes in the Mahatma Gandhi Series-2005; without inset letter in both the numbering panels.
- The notes with ‘2016’ printing year will be similar in design with the existing Rs. 100 notes in the Mahatma Gandhi Series-2005 having ascending size of numerals in the number panels, bleed lines, and enlarged identification mark.
- New Rs 100 denomination banknotes will bear the signature of Dr Urjit R Patel, Governor.
- The year of printing ‘2017’ will be on the reverse of the banknote.
Also, earlier this week RBI had said that it will issue Rs. 20 and Rs. 50 denomination currency notes as well. Launch of these small value notes will be a huge relief to common consumers to meet their daily requirements, when almost 86 per cent of the cash has been wiped off the market to abolish Rs. 500/1000 banknotes. Since finding a change of Rs.2000 denomination bank note available currently is a big issue, therefore it has a limited acceptability.