RBI will Soon Introduce a New Rs 20 Note with additional features
The Reserve Bank Of India will soon introduce a new 20 Rupee Note with some additional features.
The Central Bank has already issued new look currency notes in denominations of Rs 10, Rs50, Rs 100 and Rs 500. Besides introducing Rs 200 and 2000 notes.
The New look notes are being introduced since 2016 under Mahatma Gandhi (New Series). These notes are different in size and style to the older one. Different in color also.
According to the RBI data bank, there were 4.92 billion pieces of Rs 20 note in circulation as on March 31, 2016. The number more than doubled to about 10 billion pieces by March 2018.
The Rs 20 Notes accounted for 9.8 percent of the total otal number of currency in circulation of March 2018.