Full Text: New Rs 100 notes to be issued by the RBI
The new notes will be without an inset letter in both the numbering panels, will bear the signature of Urjit Patel along with the printing year '2016' on the reverse of the note.
After Rs 20 and Rs 50 notes, the Reserve Bank of India (RBI) will issue new Rs 100 denomination bank notes, the central bank announced on its website. However, it has not specified when the new notes will be out in circulation.
Similar to the new Rs 50 notes, the new Rs 100 notes will be without an inset letter in both the numbering panels and will bear the signature of new governor Urjit Patel along with the printing year '2016' on the reverse of the note. The apex bank has also stated that all the Rs 100 denomination bank notes printed in the past will remain to be legal tender.
Here is a full text of RBI's announcement:
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.