New Rs 100 note soon, old notes will remain valid

Mumbai: The Reserve Bank of India on Tuesday said that it will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the numbering panels, bearing the signature of RBI Governor Urjit R Patel. The year of printing '2016' will be printed on the reverse of the banknote.

The design of these banknotes to be issued now is similar in all respects to the Rs 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.

RBI has said that the existing Rs 100 notes will continue to be legal tender after the issuance of the new notes. (News24Bureau)