The Reserve Bank of India (RBI) has made an important announcement for the general public. The bank has said it will soon introduce a new Rs 20 note in the market. This note will be part of the Mahatma Gandhi (New) series and will have the signature of the recently appointed Governor, Sanjay Malhotra.
With this announcement, it has become clear that a new identity will be added to the country’s currency. Let’s learn all the special things related to this new note.
How Will The New ₹20 Note Be?
According to the RBI, the new 20-rupee note will be in the Mahatma Gandhi (New) series. Although its design may differ slightly from the existing note, its size and colour will remain almost identical. This note also has some new features.
The front of the note will feature a picture of Mahatma Gandhi more clearly than before. Sanjay Malhotra, who recently became the Governor of the RBI, will sign the note. The note will strengthen security features such as a watermark, security thread, and number pattern.
The back can include a picture of an important Indian historical or cultural site, as the RBI has done in other notes.
Will The Old 20 20-rupee notes No Longer Be Valid?
No, the old 20-rupee notes are entirely valid and will remain valid. RBI has said people do not need to panic about the old notes. They are entirely valid and you can use them in any transaction.
This is a normal process; new notes are issued with his signature whenever a new governor is appointed, while the old notes remain valid.
Why Are New Notes Being Introduced?
The main objective of the RBI is to make the country’s currency more secure and to avoid counterfeit notes. At the same time, the design and features keep improving from time to time. The notes are also reissued with his signature whenever a new governor is appointed. This maintains both identity and validity.
Will The Old Notes Have To Be Changed?
No. The old Rs 20 notes need not be exchanged and will not be cancelled. You can use both the old and the new notes. The new notes will gradually enter the market and reach people through ATMs, banks and other financial institutions.
The Reserve Bank of India’s decision to issue a new Rs 20 note is routine. It not only strengthens the currency’s security but also reflects the identity of the new Governor. The new note will be part of the Mahatma Gandhi (New) series and carry Sanjay Malhotra’s signature. But don’t panic—the old notes are still valid and will continue to be used as before.
