On 10 November 2016, the then Economic Affairs Secretary Shaktikanta Das announced a new ₹20 banknote would be released in the Mahatma Gandhi New Series in the coming months.

[4] The new denomination has a motif of Ellora Caves on the back, a UNESCO World Heritage site in Aurangabad district, Maharashtra, India on the reverse, depicting the country's cultural heritage continuing with the theme in Mahatma Gandhi New Series banknotes.

The reverse side features the famous Mount Harriet in Andaman and Nicobar Islands.

[5][6] In January 2014 RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014.

Languages included on the panel are Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu and Urdu.