RBI to release new Rs 20 banknotes soon

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The Reserve Bank of India (RBI) will soon release a new Rs 20 currency note with additional features. According to a statement from the central bank, the new denomination currency will have some additional features and bear the signature of the new RBI Governor Shaktikanta Das.

Rs 20

The new banknote is greenish-yellow in colour and has the motif of the Ellora caves in the reverse. This, the federal bank said, was to showcase India’s cultural heritage. All old Rs 20 banknotes will continue to be legal tender.

“The base colour of the note is Greenish Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse,” it said.

Key features of the new banknote include ‘see through register with denominational numeral 20, denominational numeral २० in Devnagari, portrait of Mahatma Gandhi at the centre, micro letters ‘RBI’, ‘भारत ‘, ‘INDIA’ and ’20’, windowed demetalised security thread with inscriptions ‘भारत’ and RBI, Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait, Ashoka Pillar emblem on the right, Mahatma Gandhi portrait and electrotype (20) watermarks and number panel with numerals growing from small to big on the top left side and bottom right side.’

The new Rs 20 note also has a photo of Mahatma Gandhi right in the centre and an Ashoka emblem next to his image.

Since Prime Minister Narendra Modi made the shock demonetisation announcement on 8 November 2016, the RBI has released several currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs 500, besides introducing Rs 200 and Rs 2,000 bank notes.

The new look notes, according to news agency PTI, are being introduced since November 2016 under the Mahatma Gandhi (New) series. They are different in size and design compared to the notes issued previously.

According to the RBI bank data, there were 4.92 billion pieces of Rs 20 note in circulation as on March 31, 2016. The number more than doubled to about 10 billion pieces by March 2018.

The Rs 20 notes accounted for 9.8 per cent of the total number of currency notes in circulation at the end of March 2018.

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