Ministry of Finance has decided to introduce another new currency. This time it is a Rs 100 coin. Apart from this, the face of Rs 10 and Rs 5 coins will also change.

Government of India, in a notification said, “The ministry in exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government, has decided to coined Rs 100 – which are presently distributed in notes form, and introduce Rs 10 and Rs 5 coins with new features at the Mint for issue under the authority of the Central Government to commemorate the occasion of Birth Centenary of Dr. M. S. Subbulakshmi and Dr. M.G. Ramachandran Birth Centenary.”

This face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend Satyamev Jayate inscribed below, flanked on the left periphery with the word Bharat in Devnagari script and on the right periphery with the word India in English. It shall also bear the Rupee symbol “₹” and denominational value “100” in International Numerals below the Lion Capitol.

Recently on August 25, 2017, the Reserve Bank of India issued Rs 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. RBI said, ”In India, we have 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 is the missing one.” RBI will also soon come out with new Rs 50 bank notes. So far in coins, there were only Rs 1, 2, 5 and Rs 10 being distributed in India.