Tuesday, May 5, 2009

RBI to issue new Rs 100 notes with inset letter ‘R’

Soon Rs.100 denomination notes will be in circulation in the market. The Reserve Bank of India will be issuing a new Rs.100 denomination notes with inset letter `R’ in both numbering panels in Mahatma Gandhi series - 2005 bearing the signature of RBI Governor D Subba Rao.

Now the notes design will be similar in all respects to the notes in Mahatma Gandhi Series -2005 with additional new security features issued on August 24, 2005, except for the change in the inset letter. An official press release stated notes in the denomination of Rs.100 issued by the RBI in the past will continue to be a legal tender.

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