RBI to issue new Rs 100 notes, old notes to remain legal tender

The Reserve Bank of India on Tuesday announced that it will shortly issue new notes of Rs 100 denomination in the Mahatma Gandhi Series-2005 bearing the signature of RBI Governor Urjit Patel.

The new notes will be without inset letter in both the numbering panels and the year of printing '2016' will be printed on the reverse of the banknote, RBI said in a release.

"The design of these banknotes to be issued now is similar in all respects to the Rs 100 banknotes in Mahatma Gandhi Series- 2005 issued earlier having ascending size of numerals in the number panels, bleed lines, and enlarged identification mark, on the obverse," it added.

"All the banknotes in the denomination of Rs 100 issued by the Bank in the past will continue to be legal tender," RBI said.