RBI to release new Rs 100 note

Hyderabad: Even as the people were grappling for getting their money at Banks and ATMs, RBI is likely to release new Rs 100 series into open market.

According to the information, the new series will resemble that of 2005 Mahatma Gandhi series and will have letter R and Governor Urjit Patel’s signature at the place of numbers. Behind the note of Rs 100 denomination, year of printing 2017 will be found while numerals in ascending order will be found in number panels, it is said. The new notes will soon hit the banks and ATMs and enable the people to withdraw the same. However, the existing old notes of Rs 100 denomination will remain legal tender and can be used as usual, it is learnt. The new Rs 100 notes, on release, will help people overcome the shortage of change and small notes.

-NSS

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