RBI to soon issue Rs 50, Rs 20 notes; old notes to remain legal tender

[Kool_SRG]

The design and security features of these banknotes will be similar to old notes of the same denomination. However, the old notes have not been demonetised.

 

The Reserve Bank of India will shortly issue new notes of Rs 50 and Rs 20. The Rs 50 notes will be without inset letter in both the number panel while the Rs 20 notes will have inset letter ‘L’ in both the number panels, bearing signature of Urjit R Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of side.

The design and security features of these banknotes will be similar to old notes of the same denomination. While there is no change in the colour at the reverse, the colour at the obverse is lighter. Interestingly, the old notes have not been demonetised.

The government last month had demonetised Rs 500 and Rs 1000 currency notes , in a bid to flush out black money.