RBI Announces Monetary Policy, Keeps Repo Rate Unchanged at 6% to Check Inflation
Mumbai, July 20: The Reserve Bank of India is all set to release a new batch of currency notes of denomination of Rs 20 under the Mahatma Gandhi series-2005. The new notes of Rs 20 will be released with the inset letter ‘S’ in both the number panels, news agency ANI reported.
According to a report, another major change that will be seen in the new currency notes will also carry a signature of RBI Governor Urjit Patel, which the older Rs 20 notes did not have. However, the design of the new Rs 20 notes will not change in any way and will remain the same as the ones released in September 2016 with the inset letter ‘R’. The RBI also said that the old Rs 20 notes in circulation will continue as a legal tender.
Earlier this month an image of a note of Rs 200 denomination was being widely shared on social media, even though there was no official confirmation about its authenticity came from the responsible authorities. Some report suggests that the printing process had begun and the central banks would soon issue the new notes of Rs 20. Also Read – Rs 20 notes in Mahatma Gandhi 2005 series to be out soon
There were reports that the RBI is looking to issue the Rs 200 notes to make daily transactions easier for people. Last month, the RBI introduced a new series of the recently introduced Rs 500 notes.
“In continuation of issuing of Rs 500 denomination notes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of RBI Governor Dr Urjit R Patel Governor; with the year of printing “2017” on the reverse, are being issued,” RBI said in a statement.