New Delhi: After launching new Rs 200 and Rs 50 notes, RBI is now started to plan to issue of new design RS 100 notes, as per report on Hindustan Times. The printing of these new notes is expected to start after the completion of printing of new Rs 200 denomination notes.
Since Rs 100 are the most common notes in the country, the new notes are likely to bear the same dimension and size to avoid re-calibration of ATMs. Sources added the exercise of pumping the Rs 200 notes into the system is likely to take around another six months. The government introduced the Rs 200 notes to help people change high-value currency notes. According to a State Bank of India report, 43.6% of the total cash circulation is in Rs 500 notes while Rs 100 is just over 20%.
Bank officials said that while the currency replacement exercise is over and there is no shortage of cash, people are not keen on withdrawing the Rs 2,000 bank notes.