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RBI to issue new Rs 100 notes in lavender colour, existing series to still be valid

RBI to issue new Rs 100 notes in lavender colour, existing series to still be valid: The Reserve Bank of India is all set to issue new Rs 100 denomination banknotes in the Mahatma Gandhi (new) series, the central bank and this important announcement was made on Thursday.

The new denomination will have the motif of ‘Rani ki vav’ – a stepwell which is situated on the banks of Saraswati river in Gujarat’s Patan – on the reverse, it also displays the nations cultural heritage.

The base color of the note is lavender and the note has some other designs and geometric patterns aligning with the overall color scheme which can reflect on the on both sides.

The new banknote will also be smaller in dimensions (66 mm × 142 mm) which is compared to the other currently circulated notes (73mm X 157 mm).

In the earlier series, All Rs 100 banknotes issued by the Reserve Bank, is all set to continue to be legal tender.

This is very normal when a new design of banknote is introduced, then printing and supply of these notes for distribution to the public is done via the banking channel that will be eventually increased, the RBI said.