The Reserve Bank of India is all set to release new the Rs. 100 notes. These will be similar to the old notes but with ascending numerals, bleed lines, and enlarged identification marks.
On Tuesday, the RBI said they will soon issue the notes of Mahatma Gandhi Series- 2005 without an inset letter in the number panel. They also said that old legal tender notes of Rs. 100 will be valid too. The new notes will bear the signature of the RBI Governor Urjit R. Patel and the year of printing ‘2016’ would be printed on the reverse of the banknote.
The new notes will come into circulation alongside the old notes. This decision was declared after RBI decided to issue new Rs. 20 and Rs. 50 denominations with ascending numerals and without intaglio printing.
After Demonetisation on November 8, the RBI has come up with various changes in the new and old currency notes in hopes to curb the counterfeiting of notes. Economic Affairs Secretary, Shaktikanta Das had said that this new currency will be infused gradually in the system and the old series notes will be phased out.
