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New violet-coloured Rs 100 note to arrive soon

By Newsd
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New violet-coloured Rs 100 note to arrive soon

The Reserve Bank of India (RBI) is likely to come up with a new 100 Rupee note by the end of August. The new note is presumed to be violet-coloured, light-weighed, smaller than the previous version, bearing the impression of Gujrat’s historic Rani ki Vav (stepwell).

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. The printing of the new notes has already begun at the printing press in Dewas, the same printing press where Rs 2000 note is being printed.  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.

Also read: Rs 100 coins to be in market soon: All you need to know

Banks will have to make changes in ATMs to accommodate the new notes as was the case with new notes of other denominations.

Several new micro-security features have been added to the new Rs 100 note, which will be visible only under ultraviolet light.