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The Mahatma Gandhi New Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of the Indian rupee (₹), intended to replace the Mahatma Gandhi Series of banknotes. Announced on 8 November 2016, it followed the demonetisation of ₹500 and ₹1000 banknotes of the original Mahatma Gandhi Series. Similar to the preceding series of banknotes, the obverse of the Mahatma Gandhi New Series banknotes also prominently displays the portrait of Mahatma Gandhi. The logo of Swachh Bharat Abhiyan is also printed on the back of the banknotes of this series.
The first banknotes issued in the New Series were the denominations of ₹500 and ₹2000, and are in circulation since 10 November 2016. While the ₹500 note is still being printed, the ₹2000 note was last issued date 2017.[1][2][3]
The RBI announced on 18 August 2017 that it would soon issue a new ₹50 note.[4] RBI announced the specifications of new denomination of ₹200 note in the Mahatma Gandhi New Series, bearing signature of Dr. Urjit R. Patel, Governor of the Reserve Bank of India on 25 August 2017.[5]
The Reserve Bank of India has also issued ₹10 denomination banknotes in the Mahatma Gandhi New Series.[6] The new denomination has a motif of the Sun Temple, Konark on the reverse, depicting the country's cultural heritage. The base colour of the note is Chocolate brown.
The RBI announced on 19 July 2018 that it would shortly issue a new ₹100 note.[7] The new denomination has a motif of the Rani Ki Vav (the Queen's Stepwell), a UNESCO World Heritage site in Patan in Gujarat, India on the reverse, depicting the country's cultural heritage. The base colour of the note is Lavender.
The Reserve Bank of India has announced on 26 April 2019 that it would shortly issue a new ₹20 note.[8] The new denomination has a motif of Ellora Caves, a UNESCO World Heritage site in Aurangabad district, Maharashtra, India on the reverse, depicting the country's cultural heritage continuing with the theme in the Mahatma Gandhi New Series banknotes.
In May 2023, the Reserve Bank of India announced its decision to withdraw the ₹2,000 notes from circulation. Despite this, the notes will remain legal tender and can be exchanged (20,000 Rupees max) or deposited in bank accounts until September 30, 2023.[9][10]
- ^ "Issue of ₹ 2000 Banknotes". Reserve Bank of India. 8 November 2016. Retrieved 8 November 2016.
- ^ "Issue of ₹ 2000 banknotes with inset letter 'R'". Reserve Bank of India. 8 November 2016. Retrieved 8 November 2016.
- ^ "Issue of ₹ 500 banknotes inset letter 'E' in Mahatma Gandhi (New) Series". Reserve Bank of India. 8 November 2016. Retrieved 9 November 2016.
- ^ RBI Introduces ₹ 50 banknote in Mahatma Gandhi (New) Series
- ^ RBI to issue Rs 200 note tomorrow. Here is how it looks
- ^ RBI Introduces ₹ 10 banknote in Mahatma Gandhi (New) Series
- ^ "RBI to Issue New Design ₹ 100 Denomination Banknote". rbi.org.in. Retrieved 19 July 2018.
- ^ "RBI Introduces ₹ 20 banknote in Mahatma Gandhi (New) Series". rbi.org.in. Retrieved 27 April 2019.
- ^ "Rs 2,000 Notes To Be Scrapped, Exchange Them By This Date, Will Remain Legal Tender". NDTV.com. Archived from the original on 19 May 2023. Retrieved 19 May 2023.
- ^ "RBI on 2000 Rupee note: RBI to withdraw Rs 2,000 notes from circulation; notes will continue to be legal tender". The Times of India. 19 May 2023. ISSN 0971-8257. Archived from the original on 19 May 2023. Retrieved 19 May 2023.
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