Post by Dilip on Dec 5, 2016 19:27:56 GMT 5.5
New Delhi: The Reserve Bank of India (RBI) on Sunday said that it will soon issue new Rs20 and Rs50 notes.
"The RBI will shortly issue Rs20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter 'L' 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," a statement issued by the RBI said.
It further reads, "The RBI will shortly issue Rs50 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 20 and Rs 50 denominations with the ascending font of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series- 2005 through Press Release No. 2016-2017/1004," it reads.
The central bank clarified that all the banknotes in the denomination of Rs 20 and Rs 50 issued by the Bank in the past will continue to be legal tender.
"The RBI will shortly issue Rs20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter 'L' 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," a statement issued by the RBI said.
It further reads, "The RBI will shortly issue Rs50 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 20 and Rs 50 denominations with the ascending font of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series- 2005 through Press Release No. 2016-2017/1004," it reads.
The central bank clarified that all the banknotes in the denomination of Rs 20 and Rs 50 issued by the Bank in the past will continue to be legal tender.
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