The Reserve Bank on Tuesday said it will soon put into circulation Rs. 100 denomination notes in market with enlarged identification features.
â€œThe Reserve Bank will shortly issue Rs. 100 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the numbering panels,â€ RBI said in a release.
The notes with â€˜2016â€™ printing year will be similar in design with the existing Rs. 100 notes in the Mahatma Gandhi Series-2005 having ascending size of numerals in the number panels, bleed lines, and enlarged identification mark, on the obverse.Read more ↓
RBI said it has already put to circulation Rs. 100 currency notes with the ascending size of numerals in the number panels but without bleed lines and enlarged identification mark.
â€œAll the banknotes in the denomination of Rs. 100 issued by the Bank in the past will continue to be legal tender,â€ RBI said further.
Besides, earlier this week RBI had said that it will issue Rs. 20 and Rs. 50 denomination currency notes.
Launch of these small value currencies will be a big relief to common consumers to meet their daily requirements as the Rs. 2000 denomination bank note available currently has a limited acceptability as finding a change is a big issue when almost 86 per cent of the cash has been wiped off the market to abolish Rs. 500/1000 banknotes.
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