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As per the provisions of the RBI Act, 1934, all banknotes issued by the Reserve Bank, unless withdrawn from circulation, remain legal tender for payments and obligations across India.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.