New Delhi: The Reserve Bank of India (RBI) will soon issue new Rs 20 denomination notes bearing the signature of new RBI Governor Sanjay Malhotra. However, the old notes will continue to be in circulation. The change is due to the signature of the Governor and will not affect the validity of the old notes.
The Reserve Bank of India (RBI) is set to release new Rs 20 notes as part of the Mahatma Gandhi Series. These notes will feature the signature of the new RBI Governor, Sanjay Malhotra.
Despite this update, the design of the new note will remain the same as the existing Rs 20 note in circulation, with only the signature being different. The appearance of the new notes will be identical to the old ones. This update to the Rs 20 note follows the recent change in the RBI governor.
What did RBI Governor Sanjay Malhotra say?
New Governor Sanjay Malhotra took over as the 26th Governor of the Reserve Bank of India for a three-year term on December 11, 2024. According to a report by news agency ANI, the Reserve Bank has made it clear that all the current Rs 20 banknotes issued during the tenure of previous governors will continue to be in circulation.
The Reserve Bank of India (RBI) is set to release Rs 20 banknotes in the Mahatma Gandhi (New) Series, featuring the signature of Governor Sanjay Malhotra. The design of these notes will be identical to the Rs 20 banknotes previously issued in the Mahatma Gandhi (new) series, indicating that the new notes will resemble the old ones.
What about the old Rs 20 note?
The Reserve Bank of India (RBI) has confirmed that the old Rs 20 notes remain valid as legal tender, regardless of the governor's signature on them. Transactions with these notes will be entirely legitimate. Introducing new currency notes with the new Governor's signature is a standard procedure following leadership changes at the RBI, and it will not impact the usability or worth of the old notes.
The Reserve Bank of India occasionally updates currency notes, so there's no need to worry about new ones. The old Rs 20 notes remain valid and can still be used. This update is simply due to the appointment of a new governor, so the old notes can be used without concern.