EXPERIMENTERÉ

According to a press note on RBI's website  there will be new 50 and 20 notes, the old ones will remain in use and legal tender. The RBI- Reserve Bank Of India today announced that we will be able to see new Rs.50 and Rs.20 Notes . Post Demonetization by PM Narendra Modi, this was one big decision. People have been queing up since November- 8 announcement outside ATMs. The RBI announced via it's Twitter Handle today. RBIs Twitter Handle Grab Official Statement from RBI- Issuance of ₹ 50 banknotes without inset letter, with numerals in ascending size in number panels, and without intaglio printing Issue of ₹ 20 banknotes with 'R' inset letter, with numerals in ascending size in number panels and without intaglio printing. The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and...

By now all of us must have visited your nearby ATM and gotten your own money. Thanks, to an unprecedented move by the GOI in the month of November, Rs.500 and Rs.1000 Rupee notes are no longer valid and not to be legal tender anymore, after the midnight of November 9th.   In a Press Release   issued by the RBI- Reserve Bank Of India, combined by a nationwide address by Indian Prime Minister Mr. Narendra Modi, the Issuance  of ₹ 2000 Banknotes and scrapping of the old notes came as a surprise, shock and people were clueless what they need to do next.  The Reserve Bank of India has issued new ₹2000,  ₹500,  ₹1000   denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. The notes also have "Swachh Bharat Campaign logo.The new denomination has Motif of Mangalyaan on the r...