All Rs 100 banknotes issued by the Reserve Bank in the earlier series will also continue to be legal tender.
The Reserve Bank of India will shortly issue new Rs 100 denomination banknotes in the Mahatma Gandhi (new) series, the central bank said on Thursday.
The new banknote will also be smaller in dimensions (66 mm × 142 mm) compared to the currently circulated notes (73mm X 157 mm).All Rs 100 banknotes issued by the Reserve Bank in the earlier series will also continue to be legal tender.
As is normal, when a new design of banknote is introduced, printing and supply of these notes for distribution to public through the banking channel will gradually increase, the RBI said.
In October last year, the central bank had said it would start printing the new banknotes around April this year, after it finishes printing the new Rs 200 notes.
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