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RBI to soon issue Rs 50, Rs 20 notes; old notes to remain valid

  •   Sun, Dec 04 2016 04:11:00 PM

Mumbai, Dec 4 (Zee News): The Reserve Bank of India will shortly issue Rs 20 and Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, bearing signature of Urjit R Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote, RBI said in a statement on Sunday.

Making a statement on the new Rs 20 notes, RBI said, "The design and security features of these banknotes will be similar to the banknotes of ₹ 20 denomination with the ascending font of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series- 2005.

"All the banknotes in the denomination of ₹ 20 issued by the Bank in the past will continue to be legal tender", added RBI.

The Reserve Bank of India will also shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of 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 ₹ 50 denomination with the ascending font of numerals in both the number panels and without intaglio print issued earlier in Mahatma Gandhi Series- 2005" said RBI in the press statement.

All the banknotes in the denomination of Rs 50 issued by the Bank in the past will continue to be legal tender.
  

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Comment on this article

  • abdul sattar H.S., moolur / Jeddah

    Sun, Dec 04 2016

    Actually RBI confused how to overcome the present situation which creates by the Government. So as per our opinion Rs. 100 is more than enough to evade other currency which is not familiar now a days.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Gods Own Person, Muscat

    Sun, Dec 04 2016

    Dear RBI, first print enough 500 and 2000 notes for the people... and print as much as 100 notes... which is a real requirement at this time. Due to the inflation and everything is higher in cost, the 50 and 20 notes will not much useful, but 100 rupee note will be good one.

    DisAgree Agree [24] Reply Report Abuse

  • Peter, KSA

    Sun, Dec 04 2016

    Everyday new experiments by RBI.

    DisAgree [1] Agree [17] Reply Report Abuse

  • Allen, Mangaluru

    Sun, Dec 04 2016

    Everything looks like a big flop when we see crores of new currency already made black within a matter of 3 weeks!

    DisAgree Agree [28] Reply Report Abuse

  • Rezyonline, Mlore/Mct

    Sun, Dec 04 2016

    RBI please take some more time and release all your new rules once for all.

    People are tiered, looks like cricket commentory. With evry hour passes there is someting new to hear.


    DisAgree [5] Agree [40] Reply Report Abuse

  • S.M. Nawaz Kukkikatte, Dubai

    Sun, Dec 04 2016

    First issue enough money to public, most of bank says no cash and bank customers own money they given on condition base. many wedding functions has been postponed 


    Then think about "issue Rs 50, Rs 20 notes old notes to remain valid"

    DisAgree [8] Agree [25] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Dec 04 2016

    Only if only Government had stacked a lot of new Rs. 10, 20, 50, 100 & 500 notes before 8/11/2016 demonetization would not have flopped.

    DisAgree [5] Agree [39] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Sun, Dec 04 2016

    While shopping, grocery or fish market, we need to carry a Kaki bag instead of usual pouch or Wallet.

    DisAgree [4] Agree [27] Reply Report Abuse

  • Praveen, Mangalore

    Sun, Dec 04 2016

    instead of 50 and 20 notes they should have issued new 200 and 1000 notes.

    DisAgree [4] Agree [45] Reply Report Abuse


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Title: RBI to soon issue Rs 50, Rs 20 notes; old notes to remain valid



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