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Saturday, 19 August 2017

New Rs 50 note to hit market soon, old note to continue

The Reserve Bank of India (RBI) will soon release Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, having signature of Governor Urjit R. Patel, the central bank said in a release on Friday.


The base colour of the new note is fluorescent blue. It has a motif of Hampi with Chariot on the reverse, depicting the country's cultural heritage.

The note has geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. Dimension of thebanknote will be 66 mm x 135 mm. RBI had said in December last year that it would issuenew currency notes of Rs 50 and Rs 20.

However, RBI clarified that all the Rs 50 banknotes in the earlier series will continue to be a legal tender.



The announcement came after images of the new note started doing the rounds on social media.


The image and salient features of the new Rs 50 note are as under:


1. See through register with denominational numeral 50.
2. Denominational numeral in Devnagari.
3. Portrait of Mahatma Gandhi at the centre.
4. Micro letters 'RBI', BHARAT in Devnagri, 'INDIA' and '50'.
5. Windowed demetalised security thread with inscriptions 'BHARAT' in Devnagri and RBI.

6. Guarantee Clause, Governor's signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait.

7. Ashoka Pillar emblem on the right.

8. Mahatma Gandhi portrait and electrotype (50) watermarks.

9. Number panel with numerals growing from small to big on the top left side and bottom right side.


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