New Rs. 100 coins, Rs. 5/10 coins to undergo changes
The Finance Ministry will be issuing Rs. 100 coins to commemorate the birth centenary of AIADMK founder Dr MG Ramachandran and singer Dr MS Subbulakshmi. The new coins will be out in two formats- one bearing the mark of each legend. On the occasion, existing Rs. 5 and 10 coins will also undergo changes. The former will bear Ramachandran's mark and the latter, Subbulakshmi's.
The front of the coins will bear the Ashoka Pillar in the centre, flanked by the words 'Bharat', 'India' and 'Satyamev Jayate' on three sides and the denomination mentioned below. On the reverse, one version of the new coins will have Subbulakshmi's portrait with "1916-2016" mentioned. The other version will carry Ramachandran's portrait with the year "1917-2017" inscribed.
On the front, both the Rs. 5 and Rs. 10 coins will bear the Ashoka Pillar, flanked by the words 'Bharat', 'India' and 'Satyamev Jayate' on three sides and the denomination mentioned below. On the back, Rs. 5 coins will bear Ramachandran's portrait with "1917-2017" inscribed; and Rs. 10 coins will be marked with Subbulakshmi's portrait with "1916-2016".
RBI's last new offering was the Rs. 200 notes last month. It has said it will soon issue new Rs. 50 notes. In coins, Rs. 100 is a new denomination; till now India had Re 1, Rs. 2, 5 and 10 in circulation.