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RBI to introduce new Rs 20 and Rs 50 Notes
By: Tupaki Desk | 4 Dec 2016 11:59 AM GMT
Reserve Bank of India (RBI) Today officially announced about it next move to address the cash crunch situation. Necessary arrangements have been made to bring new Rs 20 and Rs 50 currency notes. That doesn't mean old Rs 20 and Rs 50 denominations were scrapped completely. The legal tender of old Rs 20 and Rs 50 notes continues even after the introduction of new ones.
Central Bank informed new notes of Rs 20 denomination with inset letter 'L' in both number panels will be issued soon. It further adds, New Rs 50 notes will come without inset letter in both number panels.
After scrapping old Rs 500 and Rs 1000 notes, RBI has issued new Rs 500 and Rs 2000 currency. Now, The move to introduce new Rs 20 and Rs 50 notes will come as a big relief to the common man. Seems like, Centre has taken the decision upon receiving complaints like Rs 2,000 turning out to be useless due to lack of sufficient change in circulation.
Central Bank informed new notes of Rs 20 denomination with inset letter 'L' in both number panels will be issued soon. It further adds, New Rs 50 notes will come without inset letter in both number panels.
After scrapping old Rs 500 and Rs 1000 notes, RBI has issued new Rs 500 and Rs 2000 currency. Now, The move to introduce new Rs 20 and Rs 50 notes will come as a big relief to the common man. Seems like, Centre has taken the decision upon receiving complaints like Rs 2,000 turning out to be useless due to lack of sufficient change in circulation.
