Govt to issue new Rs 100 note; old notes to remain legal tender

Rs-100-note-ban-new-note

Just now, Reserve Bank of India has made an official announcement that it will be issuing new Rs 100 note, just like Rs 20 and Rs 50. However, the old ones will continue to remain legal and people should not worry about the outset. No clarity has been given that when these new notes will come in circulation but the design has been made clear.

The new Rs 100 note will bear RBI’s recent governor Dr Urijit Patel’s signature along with the year of printing-2016. The new issued note will be very similar to the old ones in terms of numeral plates and an identification mark along with bleed lines.

Before this, RBI has announced to circulate new Rs 20 and Rs 50 notes. This is in continuation to the demonetisation drive started by PM Modi to ban Rs 500 and Rs 1000 notes.

Keep checking this space for more updates.

Also Read: This is how Twitter reacted to demonetisation and currency ban

Here’s the complete RBI statement:-

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. 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 enlarged identification mark. These banknotes will remain in circulation concomitantly with the banknotes being issued now. All the banknotes in the denomination of ₹ 100 issued by the Bank in the past will continue to be legal tender.

Traveling, Eating and Sleeping- Surbhi just love going out, experimenting new things at new places with new people. She is quirky in day to day life and believes in living life 'queen size' on her own terms ;)

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