New Rs 100 notes: RBI Printing in April 2018

New Rs 100 note likely next year to be printed from April 2018 report

The image of the note that has gone viral bears the portrait of Mahatma Gandhi in the center and has the serial number "7AL 002285".

The Reserve Bank of India is all set to bring new Rs 100 notes with printing of the new currency denomination notes set to begin in April next year, a media report said, citing officials.

The RBI, while introducing the Rs 200 note had pointed to the need to introduce the missing denomination of Rs 200 to make the present currency system more efficient.

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Size and dimensions of the new Rs 100 notes will be similar to the existing ones so that automatic-teller machines (ATMs) can dispense the new notes without any alterations to the machines.

In December 2016, RBI officials had announced that all currency notes will be redesigned gradually.

Year 2017 also saw some new notes of Rs 200 and Rs 50 introduced to the Indian economy and the new Rs 5 note might wrap up the year of new currencies. Of the four cassettes, or boxes, in an ATM, only one is used for Rs 100 notes.

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The Rs.200 note which is yellowish-orange in colour is 66 mm x 146mm sized.

A Livemint report mentioned that according to central bank sources, the RBI will start printing new Rs 100 notes in April 2018. The RBI had recently introduced Rs 50 note with a new look and additional security features. The two denomination notes together constituted for 86 per cent of the currency in circulation at that time.

The central bank launched the bright yellow Rs 200 notes in August.

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The RBI has also started field trials of plastic notes of Rs 10 as plastic notes are expected to last longer than cotton substrate based bank notes.

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