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RBI announce New Rs 20 and Rs 50 notes, But old notes will not be Ban

NEW DELHI : Reserve Bank today said it will issue new coin notes of Rs 20 and Rs 50 divisions with numerals in rising size in the number boards and without intaglio printing. The old notes of Rs 20 and Rs 50 will stay legitimate delicate. These new notes come against the setting of government a month ago scrapping Rs 500 and 1000 coin notes to get serious about dark cash.

rs-50-rs-20-notes

The Reserve Bank of India will in a matter of seconds issue Rs 20 category banknotes in the Mahatma Gand. The outline and security components of these banknotes will be like the banknotes of Rs 20 category with the rising text style of numerals in both the number boards and without intaglio print issued prior in Mahatma Gandhi Series-2005, it said.

RBI additionally said that every one of the banknotes in the division of Rs 20 issued by the Bank in the past will keep on being lawful delicate.

About Rs 50 notes RBI said, The Reserve Bank will in no time issue Rs 50 group banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number boards, bearing mark of Dr. Urjit R Patel, Governor, Reserve Bank of India, and the year of printing 2016 imprinted on the invert of the banknote.

It said that the outline and security elements of these banknotes will be like the banknotes of Rs 50 section with the climbing text style of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series- 2005. The Finance Ministry has further increased the last date for submission of the annual life certificate for beneficiaries from November to 15th January next year.

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