New Rs 100 notes to hit the market shortly
| Updated On: 2016-12-07 04:33:06.0 | Location :
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 the enlarged identification mark.
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.
In a press release issued on Tuesday, the bank said 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 the enlarged identification mark. These banknotes will remain in circulation concomitantly with the bank notes being issued now.
All the banknotes in the denomination of ₹ 100 issued by the Bank in the past will continue to be legal tender.
Economic Affairs Secretary Shaktikanta Das had said that the new currency notes would be issued gradually and the old series notes might be phased out.
The design of these notes will be similar in all aspects to the old Rs 100 notes having the ascending size of numerals in the number panels, bleed lines, and enlarged identification mark, on the obverse.
The old banknotes will remain in circulation alongside the new banknotes being issued now.
This came after the Bank decided to issue new currency notes of Rs 20 and Rs 50 denominations with numerals in ascending size in the number panels and without intaglio printing.
The decision to replace the smaller denomination currency notes of Rs 50 and Rs 100, incorporating new features and design was taken after the government demonetized Rs 500 and Rs 1000 notes last month.