RBI announced today it would soon issue new note Rs 50 and Rs 20 notes, and that the old notes would continue to be in the system. The new Rs 50 notes won’t have inset letters in the number panels. and the new Rs 20 notes will have the inset letter ‘L’ in both the number panels.
Reserve Bank of India ( RBI) has the new announcement today to launch the new note of Rs.50 and Rs.20. But RBI also emphasized that the old note of Rs.50 and Rs.20 will be remain. So there is no demonetization in this new notes.
RBI said the new Rs 50 notes won’t have inset letters in the number panels. and the new Rs 20 notes will have the inset letter ‘L’ in both the number panels.
Both the new notes will bear the signature of RBI Governor Urijit Patel, and the year of printing – 2016, stated RBI.
The RBI’s fresh announcement comes just weeks after the government scrapped the old Rs 500 and Rs 1,000 notes at midnight between November 8 and 9. A new version of the Rs 500 note and new Rs 2,000 notes have been issued since then.
It is the matter to observe how soon it will come to the market and how it will be dispersed from the ATM.
It is observed that most of the ATM are still non-operational despite the assurance by the government and different banks. Still, a long cue is standing in front of bank and ATM.
This is the matter of observation how this new note of Rs.50 and Rs.20 will affect the long-standing cue. But as long as new note will come into the market, certainly it will affect and ease the common man life especially in rural arrears. It will certainly affect the rural life where common people are using small notes.