New Rs 100 note coming soon? Here is all you need to know

Rs 100 note coming in an altogether new avatar? (Photo from Reuters)

Soon you might get Rs 100 note in an altogether new avatar! The Reserve Bank of India (RBI) may start printing the new Rs 100 currency notes from April next year, according to a report in Hindustan Times. Reportedly, the printing of the new Rs 100 notes may begin after completion of the printing of the newly introduced Rs 200 notes. The printing of Rs 200 note will reach its completion by the end of March 2017, the HT report added. However, the existing Rs 100 note will also remain in the system. It may be withdrawn gradually without any disruption, adds the report.

Reportedly, the size and dimensions of the new Rs 100 note will remain same so that ATMs can remain compatible with them.

Earlier, in the month of August, the Reserve Bank had launched the bright yellow Rs 200 notes and said it will shortly ramp up the supply of the new currency note across the country. Long queues of people were witnessed at RBI offices to get the new Rs 200 currency note that has been introduced for the first time by the central bank. The RBI has launched the Rs 200 note with an aim to make it easier for the common man to transact in lower denomination currencies, PTI reported.

These notes are available only through “select RBI offices and banks as is normal when a new denomination of notes is introduced and the supply increases gradually”, the RBI said in a release. The production of these notes is being “ramped up by the currency printing presses, and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for the public in adequate quantity”, the release said.

Following the demonetisation of Rs 1,000 and Rs 500 notes last November, the central bank had introduced Rs 2,000 notes and new Rs 500 notes.