New Rs 20 Currency Note Coming Soon – 5 Facts No One Told You
Did you know that the existing Rs 20 currency note was introduced in 2001
After introducing a brand new Rs 500 note, Rs 100 note, Re 1 note, Rs 10 note, Rs 50 note and entirely new Rs 200 and Rs 2000 note, Govt. of India will now soon release and launch a new Rs 20 currency note.
What are its top USPs? What makes it interesting?
And what will happen to the existing Rs 20 note?
Keep reading to find out more!
Fact #1: Features Of New Rs 20 Currency Note
As per information coming in, the new Rs 20 currency note will have some new, exciting features which have not been observed before.
It is still not clear as to which these features would be.
Fact #2: Existing Rs 20 Currency Note
All existing Rs 20 currency notes will continue to be legal tender, and won’t be phased out, like the demonetization drive of 2016 when all Rs 500 and Rs 1000 currency notes were phased out.
Fact #3: How Many Rs 20 Currency Note Are In Use?
As of March, 2016, there was total of 4.92 billion pieces of Rs 20 currency notes, which swelled to 10 billion pieces by March, 2018. Out of all currency notes in circulation in India, Rs 20 currency notes account for 9.8% share.
Hence, once the new Rs 20 currency note come into existence, India will have brand new currency notes with new design for: Re 1, Rs 10, Rs 100, Rs 200, Rs 500 and Rs 2000.
Fact #4: History Of Rs 20 Currency Note
Rs 20 currency note was introduced by Reserve Bank of India in August, 2001, under the newly formed Mahatma Gandhi series. Rs 20 currency was the second last denomination which was introduced under the Mahatma Gandhi series. Rs 5 currency note was the last one, which was launched in October, 2001.
Fact #5: Existing Rs 20 Currency Has This Unique Thing
In 2012, Indian Govt. officially inserted the ? symbol for currency notes, which included Rs 20 note. This exercise remove all old currency notes which didnt had the new ? symbol started in 2014, when all notes prior to 2005 were replaced with the new currency note, having the ?. Hence, the current Rs 20 currency note is the second version of the original design.
Fact #5: Security Features
Although the report by PTI mentioning the introduction of new Rs 20 currency notes doesn’t mention the security features, it is being expected that the new series will have some enhanced security features, just like the recently launched Rs 100 note:
- See through register
- Water mark
- Latent Image
- Security thread
- Fluorescent ink
- Optically variable ink
- Micro-lettering etc
We will keep you updated, as more details come in.