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NParth20072018 - 0031.htm

New Rs100 note is first fully indigenous currency

Times News Network
Mvunbal: The Reserve Bank of India (RBI) has released a new Rs 100 denomination banknote in the Mahatma Gandhi series with Swachh Bharat logo in lavender colour. This is the first fully indige­nous note made of entirely do­mestic materials.
"This note is designed in India, printed on currency pa­per made in India. The ink is made in India and even the se­curity features have been made by Indian companies. This is a dream come true," said Kaza Sudhakar, who re­cently retired as managing di­rector of Bharatiya Reserve BankNoteMudran(BRBNM), which prints banknotes. The new Rs 100 note was designed in the BRBNM Design Studio in Mysore, Sudhakar added.
The new note will have a
NParth20072018 - 0031-1.jpg
dimension of 66mm x 146mm.
The new banknote, bear­ing the signature of RBI gover­nor UrjitRPatel,hasamotif of Gujarat's 'Rani Ki Vav' on the reverse, depicting the coun­try's cultural heritage. The base colour of the note is lav­ender and it contains other de­signs and geometric patterns, aligning with the overall col­our scheme, both on the ob­verse and reverse.
"The ATMs will have to be recalibrated for the new notes. Although it is possible for an ATM to dispense four types of notes, I think banks will wait for enough new notes to be in circulation before recalibrat­ing the machines. Otherwise, the ATM capacity will remain underutilised," said Navroze Dastur, managing director for India and South Asia at NCR Corporation, the largest sup­plier of machines in India.

The new banknote has a motif of Gujarat's 'Rani Ki Vav' on the reverse
different dimension from the existing Rs 100 note, which means that it will not be availa­ble in ATMs until the ma­chines are recalibrated. The dimensions of the new Rs 100 note will be 66 mm x 142 mm while the old Rs 100 note has a dimension of 73mm x 157mm. Banks cannot interchange the Rs 200 cassette for the new Rs 100 one as the Rs 200 note has a

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Date: Thursday , January 01, 1970
Edition: , Page No: , Location: , Size(sq.cms):