The Reserve Bank on Sunday said it will soon issue new currency notes of R20 and R50 with numerals in ascending size in the number panels and without intaglio printing. All the existing Rs 50 and Rs 20 banknotes will continue to be legal tender.
The RBI said new Rs 50 banknotes will not have inset letter in both the number panels, and will bear the signature of governor Urjit R Patel. The Rs 20 note will have an inset letter ‘L’ in both the number panels.
The RBI will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing signature of governor Dr Urjit R Patel and the year of printing ‘2016’ printed on the reverse of the banknote, the central banksaid.