RBI to issue new Rs 100 notes shortly, know features
The Reserve Bank of India (RBI), in a notification, said that it will issue new Rs 100 notes under the 'Mahatma Gandhi (New) Series' shortly.
The new Rs 100 notes will be lavender in colour and has motif of
“RANI KI VAV” (a stepwell situated in the town of Patan in Gujarat) on
the reverse. The dimension of the new banknote will be 66mm x 142mm.
The new Rs 100 notes will bear the signature of the Reserve Bank
governor Urjit Patel. The RBI said that the printing and supply of Rs
100 notes for distribution to public through the banking channel will
gradually increase.
Here are the salient features of the Rs 100 note:
Obverse (Front):
* See through register with denominational numeral 100
* Latent image with denominational numeral 100
* Denominational numeral 100 (written in Devnagari)
* Portrait of Mahatma Gandhi at the centre
* Micro letters ‘RBI’, ‘Bharat’ (in Devnagari), ‘India’ and ‘100’
* Windowed security thread with inscriptions ‘Bharat’ (in Devnagari)
and RBI with colour shift; colour of the thread changes from green to
blue when the note is tilted
* Guarantee clause, governor’s signature with promise clause and the RBI emblem towards right of Mahatma Gandhi portrait
* Ashoka Pillar emblem on the right
* Mahatma Gandhi portrait and electrotype (100) watermarks
* Number panel with numerals in ascending font on the top left side and bottom right side
* For visually impaired intaglio or raised printing of Mahatma
Gandhi portrait, Ashoka Pillar emblem, raised triangular identification
mark with micro-text 100, four angular bleed lines both on the right and
left sides
Reverse (Back):
* Year of printing of the note on the left
* Swachh Bharat logo with slogan
Language panel
* Motif of "RANI KI VAV"
* Denominational numeral 100 (in Devnagari)
All the banknotes in the denomination
of Rs 100 issued by the Reserve Bank in the earlier series will continue
to be legal tender, the central bank added.
Features of new Rs 500 and Rs 2000 notes in india
November 8, 2016 came as a bolt from the blue for people across the country even as they learnt they would not be able to use notes of INR 500 and INR 1000 as readily as they were able to do before and soon (by 31st March, 2017), these notes would be reduced to being mere pieces of paper as stated in an address by Prime Minister Narendra Modi.
The decision, announced at 8 p.m. on 8th November by PM Narendra Modi has been taken in order to come down hard on people stashing black money in cash as well as people peddling counterfeit notes. It has also been announced in such a way that the corrupting elements are unable to prepare themselves in any way to counter this sudden ‘financial catastrophe’. The levels of corruption have reached such a stage that it is estimated that the black money accumulated in India, in various shapes and forms, is worth around billions of dollars. The Indian Government is attempting to bring all this unaccounted money back into the system.Now, even as the country discusses the justification of such a decision, a lot of people may have missed an announcement by the Prime Minister, who stated that very soon the Indian Government would be introducing notes of INR 500 and INR 2000 in the market. These new notes are expected to be introduced in a progressive manner from 10th November, 2016 onwards.
