Latest news with #MahatmaGandhi(New)Series
Business Standard
19-05-2025
- Business
- Business Standard
RBI to issue new Rs 20 notes bearing the signature of Governor Sanjay Malhotra
The Reserve Bank of India (RBI) has announced that the central bank will shortly issue Rs 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Sanjay Malhotra, Governor. The design of these notes is similar in all respects to Rs 20 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of Rs 20 issued by the Reserve Bank in the past will continue to be legal tender.
Time of India
17-05-2025
- Business
- Time of India
RBI to issue Rs 20 notes with new Governor Sanjay Malhotra's signature
The Reserve Bank of India announced that it will soon issue Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series bearing the signature of the new RBI Governor Sanjay Malhotra, according to an official statement. The new notes will retain the existing design and features of the current Rs 20 notes in circulation, except for the new governor's signature. The RBI also clarified that all previously issued Rs 20 banknotes will continue to be legal tender, as per the statement. Sanjay Malhotra was appointed as the RBI Governor, effective from December 11, 2024, and will continue for three years. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by Legal Tender is a coin or a banknote that is legally tenderable for discharge of debt or obligation. According to the central bank, every banknote issued by Reserve Bank of India, unless withdrawn from circulation, are legal tender at any place in India in payment or on account for the amount expressed therein, and shall be guaranteed by the Central Government, subject to provisions of sub-section (2) Section 26 of RBI Act, 1934. Rs 1 notes issued by Government of India are also Legal Tender. Live Events Bank notes are printed at four currency presses, two of which are owned by the Government of India through its Corporation, Security Printing and Minting Corporation of India Ltd (SPMCIL) and two are owned by the Reserve Bank, through its wholly owned subsidiary, Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL). The currency presses of SPMCIL are at Nasik (Western India) and Dewas (Central India). The two presses of BRBNMPL are at Mysuru (Southern India) and Salboni (Eastern India). Coins are minted in four mints owned by SPMCIL. The mints are located at Mumbai, Hyderabad, Kolkata and NOIDA. The coins are issued for circulation only through the Reserve Bank in terms of Section 38 of the RBI Act. To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select scheduled banks to establish currency chests. These are storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank for distribution to bank branches in their area of operation. As on February 28, 2025, there were 2691 currency chests.
Time of India
17-05-2025
- Business
- Time of India
RBI to issue Rs 20 notes featuring signature of governor Sanjay Malhotra
Pic credit- ANI The Reserve Bank of India (RBI) has announced that it will soon release Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series carrying the signature of the newly appointed Governor, Sanjay Malhotra. The design and security features of the notes will remain unchanged from those currently in circulation, with the only difference being the updated signature. Sanjay Malhotra assumed office as the 26th Governor of the Reserve Bank of India on December 11, 2024, for a three-year term. The RBI clarified that all existing Rs 20 banknotes issued under previous governors will continue to be legal tender, news agency ANI reported. As per the provisions of the RBI Act, 1934, all banknotes issued by the Reserve Bank, unless withdrawn from circulation, remain legal tender for payments and obligations across India. Additionally, Rs 1 notes issued by the Government of India also retain legal tender status. Banknotes are printed at four currency presses. Two are operated by the Government of India through the Security Printing and Minting Corporation of India Ltd. (SPMCIL) in Nasik and Dewas, while the other two are managed by Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL), a wholly owned subsidiary of the RBI, located in Mysuru and Salboni. Coin minting is carried out at four government-owned mints under SPMCIL, located in Mumbai, Hyderabad, Kolkata, and Noida. Coins are issued for circulation only through the Reserve Bank in accordance with Section 38 of the RBI Act. For distribution of banknotes and coins, the RBI has authorised select scheduled banks to maintain currency chests. These chests function as storage and distribution centres on behalf of the RBI. As of February 28, 2025, there were 2,691 such currency chests across the country. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
17-05-2025
- Business
- News18
RBI To Issue New Rs 20 Banknotes With Governor Sanjay Malhotra's Signature; Details Here
Last Updated: The RBI says the design of the new Rs 20 notes will remain identical to those already in circulation under the Mahatma Gandhi (New) Series. The Reserve Bank of India (RBI) on Saturday said it will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series bearing the signature of its Governor Sanjay Malhotra. The RBI clarified that the design of the new Rs 20 notes will remain identical to those already in circulation under the Mahatma Gandhi (New) Series, ensuring ease of recognition and continued usability for the public. Only the governor's signature will reflect the change in office. 'The Reserve Bank of India will shortly issue Rs 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Sanjay Malhotra, Governor. The design of these notes is similar in all respects to Rs 20 banknotes in Mahatma Gandhi (New) Series," the RBI said in a statement on May 17, 2025. All banknotes in the denomination of Rs 20 issued by the Reserve Bank in the past will continue to be legal tender, it added. This issuance follows standard protocol whenever there is a change in the RBI governor, with updated notes carrying the incumbent's signature while maintaining all existing design and security features. Sanjay Malhotra took over as the governor of the Reserve Bank of India in December 2024. The Rs 20 banknote is one of the most widely used small-denomination notes and features motifs such as the Ellora Caves on the reverse side, celebrating India's cultural heritage. The base colour of the note is Greenish Yellow. First Published: May 17, 2025, 11:52 IST
Business Upturn
17-05-2025
- Business
- Business Upturn
RBI to issue new Rs 20 banknotes bearing Governor Sanjay Malhotra's signature
By Aditya Bhagchandani Published on May 17, 2025, 11:31 IST The Reserve Bank of India (RBI) announced on Saturday, May 17, that it will soon issue new ₹20 denomination banknotes in the Mahatma Gandhi (New) Series. These notes will bear the signature of Shri Sanjay Malhotra, the recently appointed Governor of the central bank. According to the RBI's press release, the design of the new ₹20 banknotes will remain the same as the existing Mahatma Gandhi (New) Series ₹20 notes. There will be no changes in design, color, or security features. All previous versions of ₹20 notes issued by the Reserve Bank will continue to be considered legal tender and remain in circulation alongside the new series. This update is part of the RBI's regular issuance of banknotes with updated governor signatures. It does not impact the validity of existing currency notes of the same denomination already in the market. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
