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The Reserve Bank of India (RBI) will soon put into circulation new Rs 500 and Rs 100 currency notes of the Mahatma Gandhi Series-2005 with enhanced security features. (Image Source: AP)
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RBI said the introduction of new Rs 500 and Rs 100 currency notes is part of its endeavour to continually improve design and security features to deter counterfeiting activities. (Image Source: Reuters)
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Budget 2016: Arun Jaitley's largesse means that individuals with income up to Rs 5 lakh will get a relief of Rs 3,000 in their tax liability, he said. The government has also proposed to increase the turnover limit under presumptive taxation scheme under 44 AD of the Income Tax Act to Rs 2 crore from existing limit of Rs 1 crore, which will benefit more than 30 lakh small business people. (Reuters)
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RBI said these new Rs 500 and Rs 100 currency notes will have ascending size of numerals in the number panels, bleed lines, and enlarged identification mark, on the obverse. (Image Source: Reuters)
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It had earlier issued Rs 500 denomination notes with the same inset letter in August with the ascending size of numerals in the number panels but without bleed lines and enlarged identification mark. (Image Source: Reuters)
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Besides, RBI will also issue new Rs 100 currency notes with added features including identification marks for visually impaired persons. "Rs 100 banknotes will have a total of four angular bleed lines in two sets of two-two lines on the obverse on both the left and right-hand edge of the bank note," it said. (Image Source: AP)
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The central bank said that Rs 100 currency notes in the Mahatma Gandhi Series-2005 will have enlarged identification mark as the existing mark of a triangle near the left edge of the banknote has been enlarged. The existing banknotes of both the denominations will continue to be legal tender, it added. (Image Source: Reuters)
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