New Delhi: The Reserve Bank of India (RBI) official said, “We are expected to start printing of new ₹100 notes in the month of April 2018. The Printing of the notes will begin after the central bank printing presses are done with new ₹200 notes might be in the month of by March 2018.
The existing ₹100 notes will be withdrawn by the bank without any disruption, a government, requesting anonymity. The size and dimensions of the new ₹100 notes will be similar to the old notes so that automatic-teller machines (ATMs) can dispense the new notes without any alterations to the ATMs.
Redesigning new currency time to time help in eliminating circulation of fake notes. RBI recently, redesigned the ₹50 note to add security features.
India has already discontinued the old ₹500 notes and ₹1000 notes as part of a demonetisation exercise in November 2016.
In December, RBI officials had said that all currency notes will be redesigned.
The government introduced the ₹200 notes to help people change high-value currency. According to a State Bank of India (SBI) report, 43.6% of the total cash circulation is in ₹500 notes while ₹100 notes account for just over 20%.
