Issue of New Notes Announced by RBI, Old Notes to Be Valid (Download PDF)

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The Reserve Bank of India (RBI) on Sunday announced that it would issue new Rs 100, Rs 50 and Rs 20 bank notes, but the old versions of these notes will continue to be valid. The new Rs 50 notes won’t have inset letters in the number panels. The new Rs 20 notes will have the inset letter ‘L’ in both the number panels.

New India Currency Notes Including Rs 20, Rs 50 and Rs 100

New India Currency Notes Including Rs 20, Rs 50 and Rs 100

New India Currency Notes Including Rs 20, Rs 50 and Rs 100

Features

  • Rs 50 banknotes without an inset letter in both the number panels.
  • It will carry the signature of Governor Urjit Patel.
  • The security features of both banknotes will continue to be similar to the currency in circulation at present.
  • The inset letter is considered an additional security feature for a banknote.

About RBI

  • Headquarters: Mumbai, Maharashtra.
  • Established: 1 April 1935; 81 years ago
  • Currency: Indian Rupee (₹)
  • India’s independence as on 15 August 1947, the RBI was nationalized on 1 January 1949.
  • It is a member bank of the Asian Clearing Union.
  • The general superintendence and direction of the RBI is entrusted with the 21-member Central Board of Directors: Governor, 4 Deputy Governors, 2 Finance Ministry representatives, 10 government-nominated directors to represent important elements from India’s economy.
  • 4 directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
  • Each of these local boards consists of 5 members who represent regional interests, and the interests of co-operative and indigenous banks.

- Published/Last Modified on: December 4, 2016

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