The Reserve Bank of India has announced that it will soon release ₹20 denomination banknotes in the Mahatma Gandhi (New) Series, featuring the signature of the newly appointed RBI Governor, Sanjay Malhotra.
| Photo Credit:
FRANCIS MASCARENHAS/Reuters
The Reserve Bank of India announced that it will soon issue ₹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 ₹20 notes in circulation, except for the new governor’s signature. The RBI also clarified that all previously issued ₹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.
A legal tender is a coin or a banknote that is legally tenderable for the discharge of debt or obligation. According to the central bank, every banknote issued by the Reserve Bank of India, unless withdrawn from circulation, is legal tender at any place in India in payment or on account for the amount expressed therein, and shall be guaranteed by the Central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 the Government of India are also Legal Tender.
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 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 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 2,691 currency chests.
Published on May 17, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
