New Rs. 100 notes soon, confirms RBI

Business

19 Jul 2018

RBI to issue new Rs. 100 notes soon, details here

The Reserve Bank of India (RBI) has decided to issue new Rs. 100 notes as a part of the new Mahatma Gandhi series.

Their base color will be lavender and they will be smaller.

They will have a motif of 'RANI KI VAV' on the backside to show the country's rich heritage.

The dimensions of the banknote will be 66 mm × 142 mm.

Details

New notes won't impact circulation of existing ones: Report

New notes won't impact circulation of existing ones: Report

Although the new notes will be smaller than the existing ones, they will be bigger than the new Rs. 10 notes, media reports suggested.

Reportedly, these new notes will be issued from August or September.

Several reports also hinted that circulation of the existing Rs. 100 notes won't be affected with the news notes.

Printing

Indigenous ink being used to print new notes

The printing of these notes has started in the printing press in Dewas using indigenous ink.

Notably, a foreign ink was used to print Rs. 2,000 notes in the beginning but now the press has managed to produce the same ink in India.

The new Rs. 100 notes will also have several micro-security features which will be visible under ultraviolet light

Love Business news?

Stay updated with the latest happenings.

Yes, notify Me

Since demonetization, many new currency notes were issued by RBI

The Narendra Modi led NDA government announced demonetization of Rs. 1000 and Rs. 500 notes on November 8, 2016. Back then, new notes of Rs. 2,000 and Rs. 500 were introduced. Recently, the RBI issued new notes of Rs. 200, Rs. 50 and Rs. 10.

Share this timeline

Demonetization

Reserve Bank Of India (RBI)

New Currency Notes

India

Rs 100 Notes

Dewas

Mahatma Gandhi

Narendra Modi

NDA

RANI KI VAV

RBI

Reserve Bank

Share this timeline

Ask NewsBytes
User Image

Next Timeline