New Rs 50 and Rs 20 notes will be available soon, but old notes will still be acceptable: RBI


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The security features and design of these banknotes will be same to old notes of the same deprivation. However, the previous notes have not been demonetised.

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The Reserve Bank of India will shortly grant new notes of Rs 20 and Rs 50. The Rs 20 notes will have inset alphabet ‘L’ in both the number panels. The Reserve Bank Of India tweeted the same on their official twitter account on Sunday:

While the Rs 50 notes will be lacking these inset letter in both the number panel, having signature of Urjit R Patel, Governor, RBI, and ‘2016’ as the year of printing, printed on the reverse of side.

The security features and design of these banknotes will be same to old notes of the same deprivation. While the colour at the obverse is lighter, no change in the colour at the reverse. As a major relaxation, the old notes will continue to be legal tender and have not been demonetised.

The Reserve Bank Of India’s declaration comes just weeks after the Modi Government dumped the Rs 1000 and Rs 500 notes at midnight on November 8 in an attempt to flush out black money. Since then a new version of the Rs 2000 note, and new Rs 500 notes, have been issued.

Following these Rs 1000 and Rs 500 notes ban, Mr.Shaktikanta Das, Secretary, Economic affairs, had said all the existing notes will be gradually phased out, with newer notes with enhanced and better security features being issued.

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New Rs 50 and Rs 20 notes will be available soon, but old notes will still be acceptable: RBI

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