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RBI announces new Rs 100 notes

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The Reserve Bank of India on Thursday revealed the look of new Rs 100 currency note.

The new Rs 100 denomination banknotes that will be issued soon is lavender in colour and will feature the UNESCO heritage site from Gujarat — the Rani Ki Vav on the reverse side.

The new violet note is part of the revised design series introduced after demonetization in November 2016.

All the Rs. 100 notes issued by the Reserve Bank in the earlier series will continue to be legal tender, the RBI said.

The new note is slightly smaller than the existing one and bigger than the Rs. 10 note. Once the new notes arrive, the banks may have to again recalibrate the ATMs to accommodate the new notes, after settings had to be changed to dispense new notes of Rs. 2,000, 500 and 200 notes in 2016.

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