RBI - New 20 rupee notes will be issued, RBI told whether the old ones will be valid or not
RBI - Reserve Bank of India will soon issue new 20 rupee notes. The design of these notes is similar to the 20 rupee banknotes of Mahatma Gandhi (new) series. In such a situation, the biggest question now is what will happen to the old notes... Read this news completely to know the complete information related to this update.
News, Digital Desk- The Reserve Bank of India (RBI) will soon issue new Rs 20 notes in the Mahatma Gandhi (New) series. These notes will bear the signature of Governor Sanjay Malhotra. The design of the new notes will remain the same as the existing Rs 20 notes of the Mahatma Gandhi (New) series.
RBI has also clarified that all the Rs 20 notes issued earlier will continue to be legal tender, so there is nothing to worry about. This change is a normal process after the change of RBI governor.
RBI has issued a notification which said, 'The Reserve Bank of India will soon issue Rs 20 banknotes in the Mahatma Gandhi (New) series bearing the signature of Governor Sanjay Malhotra.
The design of these notes is similar to the Rs 20 banknotes of the Mahatma Gandhi (New) series.' This means that the new note will look similar to the old note and the old notes will also remain in circulation as before. (Indian currency)
Old 20 rupee notes will be valid-
RBI (RBI News) has clarified that all old Rs 20 notes will remain valid, regardless of which governor's signature is on them. Issuing notes with the signature of the new governor is a normal process that happens after a change in RBI leadership. This does not affect the validity or value of the old notes. (RBI New Update)
RBI's big decision, will no longer print these 2 notes
RBI (Reserve Bank of India) changes the notes from time to time for security and quality. However, your old notes will always be valid, so there is nothing to worry about. The 20 rupee note you have will be used in the same transactions as you have been doing.