New Delhi: If all goes well than Reserve Bank of India (RBI) will soon be introducing new currency note of Rs 100 and you could be getting these new notes by April next year.
According to reports, the RBI is expected to start printing new designs of the currency notes around that time.
Reports add that the RBI will move on to the new design after it wraps up the printing of Rs 200 notes.
And in this regards some banks have even been asked the ATM companies to begin testing the Rs 200 note for recalibration of the machines, though they have not got supplies of the new currency.
The banks were involved in recalibration of ATM machines after the demonetisation of high-value currency notes in November last year only.
New currency notes of Rs 100 likely to come in market by April next:
The central bank launched the bright yellow Rs 200 notes in August.
The new notes are likely to bear the same dimension and size to avoid re-calibration of ATMs, said a report in Times Now. Out of the four cassettes, only one is used for dispensing Rs 100 notes in ATMs.
The exercise of pumping the Rs 200 notes into the system is likely to take around another six months as per the report.
Prior to the introduction on the new notes, India has currency denominations of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000.
As such, in the lower end of the denomination series, Rs 200 has been the missing link. The RBI had recently introduced Rs 50 note with a new look and additional security features.
 will soon be introducing new currency note of Rs 100 it will be available by April next year.){kind=link}
