Profit

RBI To Issue New 20 Rupee Note Soon: 10 Things To Know

The RBI has already issued new currency notes in denominations of Rs 10, Rs 50, Rs 100 and Rs 500, besides introducing Rs 200 and Rs 2,000 bank notes.

 Share
EMAIL
PRINT
COMMENTS
RBI To Issue New 20 Rupee Note Soon: 10 Things To Know

There were 492 crore pieces of the Rs 20 note in circulation as on March 31, 2016, according to RBI data

Soon, a new currency note of Rs 20 denomination will be introduced in the market. The Reserve Bank of India (RBI) would soon introduce the new 20-rupee bank note, news agency Press Trust of India reported on Tuesday, citing a central bank document. The launch of the new Rs 20 note will mark the latest addition to the new currency introduced by the RBI after the shock move to withdraw the bank notes of Rs 500 and Rs 1,000 denominations in November 2016.
Here are 10 things to know:
  1. The new 20-rupee note will have additional features compared with the existing currency note, Press Trust of India reported.
  2. The central bank has already replaced the Rs 10, Rs 50, Rs 100, and Rs 500 currency notes, and introduced denominations Rs 200 and Rs 2,000. (Also read: Here's what new currency notes look like)
  3. Since the notes ban in 2016, a surprise move by the government which led to withdrawal of 86 per cent of the country's banknotes from circulation overnight, the central bank has launched currency notes under the Mahatma Gandhi (New) series.
  4. The new notes, under the Mahatma Gandhi (New) series, are different in size and design compared to the notes issued previously.
  5. All other currency notes, except for the banned Rs 500 and Rs 1,000 issued under the old series, continue to remain legal tender.
  6. There are 492 crore pieces of the existing Rs 20 note in circulation, as of March 31, 2016, Press Trust of India reported citing RBI data.
  7. The number more than doubled to about 1,000 crore pieces by March 2018, according to the agency.
  8. 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.
  9. The central bank had in July last year announced launch of 20-rupee bank notes in the Mahatma Gandhi series 2005.
  10. These notes were similar to the design of the notes of same denomination in circulation at the time, and bore the signature of the then central bank governor Urjit Patel. (Also read: RBI board reviews governance framework under new governor Shaktikanta Das)

(With agency inputs)





Election Results for Lok Sabha Election 2019 will be out on May 23. Get the latest election news and live updates on ndtv.com/elections. Catch all the action on NDTV Live. Like us on Facebook or follow us on Twitter and Instagram for news updates from each of the 543 parliamentary seats for the election 2019

NDTV Beeps - your daily newsletter

Trending

Highlights

1
New 20 rupee note to have additional features
2
RBI has replaced Rs 10, 50, 100, 500 notes, introduced 200, 2,000 bills
3
492 crore pieces of existing Rs 20 notes in circulation in March-end

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top