New Rs 20 Notes Coming To Your Wallet: All You Need To Know

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The Reserve Bank will shortly issue bank notes of denomination Rs 20 in Mahatma Gandhi series 2005. The new notes will be similar in design to those currently in circulation. The new notes will be bearing inset letter 'S' in the number panel and signature of Governor Urjit R Patel. Both the number panels will have inset letter 'S.'

Here are the features of the new Rs 20 notes:

Ascending font

In the new Rs 20 notes, there will be changes in the fonts also. The numerals in both the number panels will be in ascending size from left to right while the first three alpha-numeric characters (prefix) will remain constant in size.

Intaglio printing

The numeral "20", RBI seal, Mahatma Gandhi's portrait, RBI legend, Guarantee and promise clause, Governor's signature, Ashoka Pillar emblem which were hitherto printed in intaglio (raised printing) are now being printed in offset (without any raised printing). Further, rectangular identification mark on the left of the banknote has been removed.

Colour

There is no change in the colour at the reverse, the colour at the obverse is lighter (due to the removal of intaglio printing). The design and security features of these banknotes will be similar to the banknotes of Rs 20 denomination with the ascending font of numerals in both the number panels.

Latent Image

The vertical band on the right side of the Mahatma Gandhi's portrait hitherto contained a latent image showing the denominational numeral "20". The latent image was visible only when the banknote was held horizontally at eye level. This feature is no longer present. New Rs 1 Notes Are Coming: All You Need To Know

Reverse

There is no change in the reverse of the banknote. The bank announced that all the banknotes in the denomination of Rs 20 issued by the Bank in the past would continue to be legal tender.

 

Rs 200 notes

There were reports that to improve the currency situations in the country the Reserve Bank is expected to introduce Rs 200 notes in the coming months to ease pressure on lower-denomination currencies that are in short supply. The new notes of Rs 200 should be out before the end of 2017. Rs 200 Notes Is On The Way


 

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Read more about: notes, currency
Story first published: Thursday, July 20, 2017, 11:33 [IST]
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