RBI to Release New Currency Notes of ₹20 Denomination

The Reserve Bank of India (RBI) is likely to introduce new currency notes of denomination ₹20 under the Mahatma Gandhi series-2005. The banking regulator would release the new notes with the inset letter ‘S’ in both the number panels. The new notes will bear the signature of RBI Governor Urjit Patel, which was not visible in the old ₹20 notes. However, the design of the new notes will be of the ones introduced in 2016 with the inset letter ‘R’. But unlike demonetization where the old ₹500 and ₹1,000 notes had lost the legal tender, the older ₹20 notes will continue to have so.

New 200 and 500 Notes Also in the Offing

Recently, an image of new ₹200 note was seen on social media platforms. However, the authorities refused to comment on the authenticity of the same. According to various reports in media, the printing process to issue these notes have begun. And very soon, they will be in circulation. The new 200 notes could ease the day-to-day transactions of the people, according to experts. The RBI had last month released a new series of the recently launched ₹500 notes. The central bank in a statement said, “in continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of Dr Urjit R. Patel Governor, Reserve Bank of India; with the year of printing “2017” on the reverse, are being issued”.

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