RBI to issue new Rs 50 & Rs 20 currency notes

The Reserve Bank of India (RBI) on 4 December 2016 announced to issue Rs 50 and Rs 20 denomination banknotes.

However, the old Rs 50 and Rs 20 notes will also continue to be legal tender.

Features of Rs 50 denomination banknotes
• These notes of the Mahatma Gandhi Series-2005 will not have inset letter in both the number panels.
• It will bear the signature of Dr Urjit R Patel, Governor of Reserve Bank of India.
• The year of printing that is '2016' will be printed on the reverse of the banknote.
• The design and security features of these banknotes will be similar to the banknotes of old Rs 50 denomination with the ascending font of numerals in both the number panels and without intaglio print that was issued earlier in Mahatma Gandhi Series- 2005.

Features of Rs 20 denomination banknotes
• The new Rs 20 denomination currency notes will be printed with inset letter ‘L’ in both the number panels.
• It will bear the signature of Dr Urjit R Patel, Governor of Reserve Bank of India.
• The year of printing '2016' will be printed on the backside of the banknote.
• The design and security features of these banknotes will be similar to the old banknotes of Rs 20 with the ascending font of numerals in both the number panels and without intaglio print that was issued earlier in Mahatma Gandhi Series- 2005