Reserve Bank of India has recently announced that it will issue a new ₹100 note featuring ‘Mahatma Gandhi’. It is expected to reach out to people very soon. The new note’s colour is Lavender and has a decorative design of Gujarat’s ‘Rani Ki Vav’ on the reverse direction, depicting country’s cultural heritage.
But a question arises whether the current notes will continue or not. However, RBI further added that the existing ₹100 notes will continue to be legal tender. 2 years ago, when PM Narendra Modi had pushed through tough economic reforms like demonetisation (rapid removal from circulation of high denomination banknotes) of Rs. 1,000 and Rs. 500 notes and the powder blue Rs. 100 note remained untouched. The 100 rupees currency note was much in demand in India till the arrival of Rs. 2,000 and Rs. 500 in the banks.
“The base colour of the note is lavender. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. The dimension of the banknote will be 66 mm x 142 mm,” the RBI said in a statement.
The new currency note is a tad smaller when compared to the current one and a bit bigger than the Rs. 10 note. Once the new notes arrive, the banks may have to again adjust the ATMs to accommodate the new notes, after settings had to be altered to dispense new notes of Rs. 2,000, 500 and 200 notes in 2016. In 2014, UNESCO recognised Gujarat’s ‘Rani-ki-Vav’, the 11th-century wonder in Patan, as a ‘World Heritage Site’.