The Reserve Financial institution of India (RBI) has introduced that it’ll quickly concern new Rs 20 denomination banknotes below the Mahatma Gandhi (New) Collection. These notes will bear the signature of the present RBI Governor Sanjay Malhotra.
The central financial institution clarified that the design and options of the upcoming Rs 20 notes will stay an identical to these presently in circulation below the Mahatma Gandhi (New) Collection. This contains the color scheme, dimensions, security measures, and the motif of the Ellora Caves on the reverse facet.
“The Reserve Financial institution of India will shortly concern Rs20 denomination Banknotes in Mahatma Gandhi (New) Collection bearing the signature of Shri Sanjay Malhotra,
Governor. The design of those notes is comparable in all respects to Rs 20 banknotes in Mahatma Gandhi (New) Collection,” the central financial institution mentioned in a notification.
Importantly, the RBI has confirmed that every one beforehand issued Rs 20 banknotes — whatever the issuing governor’s signature — will proceed to be authorized tender and totally legitimate for transactions. The transfer to concern contemporary notes with the brand new governor’s signature is a normal process following a change within the RBI’s prime management and doesn’t affect the usability or worth of current forex.
