The Reserve Bank of India (RBI) will soon issue new Rs 20 and Rs 50 notes to ease the cash crunch triggered by demonetisation. Old banknotes of the two denominations will continue to be legal tender.
“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 Dec 04,2016
“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.
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