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Reserve Bank of India to introduce new Rs 20 and Rs 50 notes soon

Samarth Srivastava

Samarth SrivastavaBy Samarth Srivastava

Published on 4 Dec 2016 11:23 AM GMT

Reserve Bank of India to introduce new Rs 20 and Rs 50 notes soon
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New Delhi: The Reserve Bank of India on Sunday said that new Rs 20 and Rs 50 notes will be issued shortly in the Mahatma Gandhi Series-2005 while old denomination notes will remain legal tender.

The new Rs 20 and Rs 50 notes will have inset letter ‘L’ in both number panels.

"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." RBI said in a release.

Earlier, Indian government scrapped Rs 500 and Rs 1,000 notes on November 8 to put a check on black money.

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Samarth Srivastava

Samarth Srivastava

Employed as sub-editor at newstrack.com. A learner, who loves covering sports, entertainment and defence kind of stuff.

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