RBI Will Shortly Start Issuing Rs 20, Rs 50 notes; old notes to remain valid

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 a 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 the banknotes of 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, it said.

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It said that the design and security features of these banknotes will be similar to the banknotes of Rs 50 denomination will the ascending font of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series – 2005.

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

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