"I think it is extremely relevant (to release it now) and probably will always stay relevant because I don't think that this monsoon of corruption will ever go away, no matter how hard we try," the 62-year-old said here Tuesday at a special screening of the film.
"But people are more aware of this phenomenon now, it disturbs them much more... So, I am feeling that this film will still strike a nerve," he added.
A digitally restored version of "Jaane Bhi Do Yaaro" will be released Friday all across India exclusively at PVR Cinemas.
Directed by Kundan Shah, the satirical comedy portrayed the plight of a corrupt country and a common man's suffering as a result of it.
Naseeruddin says the satire in Indian films has now become stagnant.
"There has been no growth at all in satire. I find it very difficult to think of another film after 'Jaane Bhi Do Yaaro' which has been satirical in nature. I can't think of any, in fact, with the exception of 'Munna Bhai' films, which were wonderful," Naseeruddin said.