If you also keep cash in your pocket and at home, then there is important news for you. If you have 20 rupee notes, then take them out, because the Reserve Bank of India (RBI) is going to issue a new 20 rupee note, and it will gradually go out of circulation. You may keep such notes with you, and like 2016, your notes also start adorning the waste basket. So, know about the new note in time and what will happen to the old notes.
RBI will issue a new 20-rupee note
RBI has announced that it will issue new 20 rupee bank notes under the Mahatma Gandhi (New) series, which will bear the signature of the new Governor Sanjay Malhotra. However, the design and security features of these notes will remain the same as the notes already in circulation. That is, the note will not change much in appearance, only the signature of the Governor will be new.
What will change in the new 20-rupee note
The main change in the new 20-rupee note will be the governor’s signature only. The colour of these notes will be “greenish yellow” and the back side will have a picture of Ellora caves, which will be depicted as a cultural heritage of India. The size of the note will be 63 mm x 129 mm. These will include existing security features like watermark, micro lettering, and security thread. So, you will be able to easily identify the new note by paying attention to the colour and the picture on the back.
What will happen to the old 20-rupee notes
RBI has clarified that all the 20-rupee notes issued earlier will continue to be legal tender. This means that the old notes can be used in transactions, and there is no need to change them. So, you can use the old 20-rupee notes you have without any worry.
Highlights of the new Rs 20 notes
The new Rs 20 notes will have several special features:
Its base colour will be greenish yellow.
Its size will be 63 mm x 129 mm.
It will have a picture of Mahatma Gandhi on the front.
It will have a picture of the Ellora Caves on the back.
It will have a security thread, watermark, micro lettering, and other security features.
Knowing all this, you will be able to easily identify the new note and also rest assured about the old notes.
Don’t panic, old notes will remain valid
The purpose of the new Rs 20 note is only an administrative update to update the governor’s signature on the currency. This will not affect the general public as the old notes will also remain valid. This step is a normal process towards ensuring the continuity and security of the currency. So, you can continue using your old Rs 20 notes without any worry.