Monday, 5 December 2016

RBI to issue new Rs 20 and Rs 50 notes

The Reserve Bank of India on Sunday said it will shortly issue new Rs. 20 and Rs. 50 banknotes in the Mahatma Gandhi Series-2005, without an inset letter in both the number panels. The new notes will bear the signature of Urjit R. Patel, the incumbent RBI Governor, and the year of printing '2016' printed on the reverse of the banknote.

The existing Rs 20 and Rs 50 will continue to be a legal tender and will remain valid.

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