The Reserve Bank of India (RBI) is set to issue new ₹20 denomination notes under the Mahatma Gandhi (New) Series. These notes will feature the signature of the current RBI Governor, Sanjay Malhotra. While the design and features of these new notes will be similar to the existing ₹20 notes in circulation, it has been confirmed that the older ₹20 notes will remain valid. This change follows the usual protocol after a new RBI Governor takes office.
In an official statement, the RBI clarified that the new ₹20 notes will retain the same design as the current notes, including the color, size, security features, and the image of the Ellora Caves. Governor Sanjay Malhotra’s signature will be the only noticeable difference, marking the new series.
Details from the RBI Announcement:
The Reserve Bank of India confirmed the release of the new ₹20 notes in a statement, which read, “The Reserve Bank of India will soon issue ₹20 denomination banknotes under the Mahatma Gandhi (New) Series, bearing the signature of Governor Sanjay Malhotra. The design of these notes will be the same as the current ₹20 denomination banknotes in circulation.”
This means that the newly introduced notes will look almost identical to the existing ones, except for the change in the signature of the new RBI Governor.
No Change to the Validity of Older ₹20 Notes:
One of the key points emphasized by the RBI is that all previously issued ₹20 notes, regardless of the Governor’s signature, will remain legal tender and continue to be valid for transactions. The issuance of new notes with the current Governor’s signature is a routine procedure that happens whenever there is a change in leadership at the RBI. This process will not affect the validity or value of the older notes in any way.
RBI’s Periodic Updates to Currency Notes:
It’s important to note that there is no need for concern regarding the new ₹20 notes. The older ₹20 notes that you already possess will continue to be valid for all transactions. The change is simply a result of the new RBI Governor taking charge, and there is no need to exchange your existing currency.
The RBI regularly makes updates to currency notes for security reasons and to enhance their design. However, these changes never affect the validity of older notes, so there is no need to pay attention to any rumors.
