RBI to issue new notes of Rs 20, Rs 50

Tribune News Service 

New Delhi, December 4

The Reserve Bank of India on Sunday issued an advisory that said it will issue new notes of Rs 20 and Rs 50. 

An advisory issued by the RBI said, “Will shortly issue  Rs 50 and Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote.”

“The design and security features of these banknotes will be similar to the banknotes of Rs 50 and Rs 20 denomination with the ascending font of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series- 2005.”

All the banknotes in the denomination of Rs 50 and Rs 20 issued by the RBI in the past will continue to be legal tender, the advisory said.

The Central government on November 8 had demonetised banknotes of Rs 500 and Rs 1000 in crackdown against illegal stashes of money.