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New Rs 100, Rs 50 bank notes

The Reserve Bank will shortly issue Rs 100 denomination bank notes incorporating symbol on the obverse and reverse, with inset letter L in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing signature of Raghuram G Rajan, governor. Stating this in a press release, the RBI also said bank notes of Rs 50 denomination will be issued with similar features as of Rs 100 banknotes. The year of printing ‘2014’ would be printed on the reverse of the banknote, it said. The design of these banknotes to be issued would be similar in all respects to Rs 100 and Rs 50 banknotes in the Mahatma Gandhi Series-2005 issued earlier.

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