RBI to issue Rs 100, Rs 50 banknotes with 2014 printing year

Reserve Bank of India (RBI) to issue Rs 100, Rs 50 banknotes with 2014 printing year.

The Reserve Bank of India (RBI) will shortly issue Rs 100 and Rs 50 denomination banknotes of 2014 printing year with rupee symbol in the Mahatma Gandhi series-2005.

“The Reserve Bank will shortly issue Rs 100 denomination banknotes 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, RBI,”the apex bank said in a release.

Banknotes 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.

RBI 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.

“All the banknotes in the denomination of Rs 100 and Rs 50 issued by the bank in the past will continue to be legal tender,” RBI added.

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