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HomeCORPORATE DOSSIERRBI to issue new Rs 20 notes soon

RBI to issue new Rs 20 notes soon

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The Reserve Bank of India (RBI) is issuing new currency notes valued Rs 20 with a greenish yellow base soon. The new notes will be 63 X 129 mm in size and have bear the signature of the present central bank governor Shaktikanta Das.

 Unlike the old orange-colored Rs 20 notes as part of the Mahatma Gandhi Series, launched in Aug 2001, the new note will have a motif of Ellora caves on its back portraying India’s rich and diverse cultural heritage.

The new note will have a portrait of Mahatma Gandhi in the center with the words RBI, Bharat, India and 20 written in micro letters.

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It will be signed by the signatures of retired IAS officer turned RBI Governor Shaktikanta Das a 1980 batch Tamil Nadu cadre officer, now serving as the 25th governor of the Reserve Bank of India (RBI). He took over as RBI Governor on 11 December 2018 for a period of three years replacing Urjit Patel who resigned a day before.

Apart from Das, other IAS officers who have occupied the RBI governor’s office include Y. Venugopal Reddy and Duvvuri Subbarao.  Das had earlier served as a member of the Fifteenth Finance Commission and as Economic Affairs or Revenue Secretary in the Government of India and Tamil Nadu government.

The right side of the note will have Gandhi’s portrait, and the Ashoka emblem and the impression Rs 20 in the watermark. The new Rs 20 currency note will have geometric patterns aligning with the overall color scheme, both at the obverse and reverse side.

The front side of the note will have a through register with denominational numeral 100, a latent image with the numeral and a Devanagari version.

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However, the new Rs 20 banknote will not adversely affect the previous Rs 20 notes which will continue to be legal tenders. As on date, RBI has already introduced new Rs 10, Rs 50, Rs 200, Rs 500, Rs 2,000 banknotes.

The old Rs 20 note was 143 X 63 mm in size and had a motif of Mount Harriet National Park in Andaman and Nicobar Islands.20-bank

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Taazakhabar News Bureau
Taazakhabar News Bureau
Taazakhabar News Bureau is a team of seasoned journalists led by Neeraj Mahajan. Trusted by millions readers worldwide.


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