Mumbai, May 17 -- 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.

Legal Tender is a coin or a banknote that is legally tenderable for discharge of debt or obligation.

According to the ...