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RBI to release new Rs 50 and Rs 20 notes: old notes continue to be valid

RBI to release new Rs 50 and Rs 20 notes

New Delhi: The Reserve Bank of India (RBI) on Sunday announced that it will soon release the new notes Rs 50 and Rs 20 denomination. However the old notes will continue to be valid the bank has said.

The security features of both banknotes will continue to be similar to the currency in circulation at present. But some features have been changed. The new Rs 50 notes won’t have inset letters in the number panels and the new Rs 20 notes will have the inset letter ‘L’ in both the number panels, the RBI said.

Both the new notes will bear the signature of RBI Governor Urijit Patel and the year of printing 2016 will be mentioned on the reverse side of the notes.

Notably, the RBI’s announcement comes less than a month after the government scrapped the Rs 500 and Rs 2000 notes.

 

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