NEW DELHI, India - Starting April, the Reserve Bank of India is set to start printing new Rs 100 notes.
However, reports have noted that the existing notes will be withdrawn from the market gradually without causing any disruption.
Reports citing two officials with the central bank said that the printing of new notes with the same dimensions as the current ones will start once the printing of Rs 200 notes is completed by March.
Further, the report noted that the dimensions are kept same as the current notes in order to ensure that the ATMs need not be recalibrated after the introduction of new notes.
The report also noted that the redesigning of the notes is being done to curb circulation of fake currency.
So far, since the controversial demonetization of Rs 500 and Rs 1,000 on November 8, last year, the Indian government has introduced two new denominations of Rs 200 and Rs 2,000 and also introduced new Rs 50.