The Reserve Bank of India (RBI) is at the verge to come up with a new Rs 100 note. The new Rs 100 note is said to be violet in colour and could land in the market any day, next month.
“The new note will house the impression of Gujarat’s Rani Ki Vav (stepwell) and the size of this currency will be smaller than the present one. However, it will be slightly bigger than new Rs 10 note”, said a Dainik Bhaskar report.
The report further added that the arrival of the new Rs 100 note in the market won’t affect the old Rs 100 currency and the old currency will continue in circulation. As per our recent resources, the printing press of Dewas has already initiated the printing of the new Rs 100 note as The Reserve Bank of India (RBI) could issue the new notes in August or September. Our sources also added that the new Rs 100 note got its final design from the same printing press where Rs 2000 note is being printed.
As per the reports, when Rs 2000 notes landed the market after demonetization, they were printed using the foreign ink in the beginning as samples but the Dewas press has now managed the same colour using indigenous colour.
In order to investigate the circulation of black money in the financial system, the Narendra Modi government announced demonetisation on November 8, 2016, due to which, Rs 500 and Rs 1,000 notes were discontinued. Such a move by the Modi government resulted in 86% of currency being sucked out of the system, and in order to fill the gap of the currency, the government launched an urgent operation regarding issuing new Rs 2,000 and Rs 500 notes.
“As of November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, about 86% of the total currency in circulation”, says RBI and government data.
With respect to the new Rs 100 note Banks will soon make changes in ATMs in order to hold the new notes in the machine. Besides this, there are various micro-security features that have been added to the new Rs 100 note. These features are said to be visible under ultraviolet light.