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New 100 rupee note could be violet in colour, says report

The Dewas-based Bank Note Press has started printing the new 100 rupee note, according to a report published in Dainik Bhaskar.

The new note is equipped with many micro-security features. The Reserve Bank of India (RBI) is expected to issue the new notes in August or September. The new 100 rupee note, which is violet in colour, won’t affect the circulation of the old notes, the report added.

The new note is slightly smaller in dimension than the old note but is larger than the new 10 rupee note.

Banks may have to adjust the size of the cash tray of ATMs to accomodate the new note.

The new note will have the impression of Gujarat’s Rani ki Vav (Queen’s stepwell), according to the report. Rani ki Vav, which is in Gujarat’s Patan, is a UNESCO World Heritage Site.

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Personal Finance News-Wealth-The Economic Times

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