RBI to soon issue new Rs 100, Rs 10 notes

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The Reserve Bank on Friday said it would soon issue new notes of Rs 100 and Rs 10 denominations in the existing series named after Mahatma Gandhi.

While the Rs 100 denomination notes will have the inset letter 'L' in both numbering panels, the Rs 10 notes will have the inset letter 'B', the RBI said in separate statements.

"The Reserve Bank of India will shortly issue Rs 100 denomination banknotes with inset letter 'L' in both numbering panels in Mahatma Gandhi Series," it said.

The notes will have the signature of RBI Governor D Subbarao on one side and the year 2011 printed on the other.

Similarly, it will shortly issue Rs 10 denomination banknotes with inset letter 'B' in both numbering panels in Mahatma Gandhi Series 2005.

"Except the change in the inset letter, the design of these notes (of Rs 10 denomination) to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series 2005 issued earlier," it said.

All banknotes in the denomination of Rs 100 and Rs 10 issued by RBI in the past will continue to be legal tenders.