New Rs 100 note coming in April, claims report

You could be getting new Rs 100 notes around April next year. The RBI, according to reports, is expected to start printing new designs of the currency notes around that time.

The RBI, reports add, will move on to the new design after it wraps up the printing of Rs 200 notes.

Some banks have even asked the ATM companies to begin testing the Rs 200 note for recalibration of the machines, though they have not got supplies of the new currency. Only last year, the banks were involved in recalibration of ATM machines after the demonetisation of high-value currency notes in November.

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

The new notes are likely to bear the same dimension and size to avoid re-calibration of ATMs, said a report in Times Now. Out of the four cassettes, only one is used for dispensing Rs 100 notes in ATMs.

As per the report, the exercise of pumping the Rs 200 notes into the system is likely to take around another six months.

Prior to the introduction on the new notes, India has currency denominations of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000.

As such, in the lower end of the denomination series, Rs 200 has been the missing link. The RBI had recently introduced Rs 50 note with a new look and additional security features.