RBI to issue new Rs.50& Rs.20 notes
Weeks after the demonetisation drive where the government scrapped the Rs 500 and Rs 1,000 notes+ at midnight between November 8 and 9. , the Reserve bank of India has announced that it will soon be issuing new Rs. 50 and 20 currency notes. “The RBI will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter 'L' in both the number panels, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote,” said a statement issued by the RBI on Sunday. “The RBI will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote,” the statement added.