Mumbai, Dec 4 In a bid to ease the cash crunch the Reserve Bank of India (RBI) will issue new Rs 20 and 50 notes. The old Rs 20 and 50 will continue to remain legal tender or valid.
The Rs 20 denomination note in the Mahatma Gandhi series-2005 will have the inset letter L in both the number panels bearing the signature of Urjit Patel.
The RBI will also shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005.
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 and without intaglio print issued earlier in Mahatma Gandhi Series- 2005." RBI said in a release.