RBI’s New Rs.50 Note Coming Soon

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RBI’s New Rs.50 Note: The new 50 rupees currency note was coming soon. The new image of Rs.50 note was gone viral in all social medias. Last year Prime Minister Narendra Modi announced the Demonetization of all 500 and 1,000 rupees notes. The Reserve Bank of India issued new 500 and 2,000 rupee notes instead of the old notes and they said that it will issue new currency notes of Rs 50 and Rs 20 denominations. Now, the images of Rs.50 note was viral in all social medias.

RBI's New Rs.50 Note Coming Soon

The new Rs. 50 note was looking pale turquoise in color and it has Mahatma Gandhi series 2005.  They bear the signature of RBI Governor Urjit Patel. The Reserve Bank of India did not announce any news about the new release of the note.

“The Reserve Bank will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, 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,” Urjit Patel had said last year.The note has other designs, with geometric patterns aligning with the overall colour scheme, both at the obverse and reverse of the note.The dimension of the bank note will be 66 mm x 135 mm, the RBI said.

Last year after demonetizing the old 500 and 1000 rupee notes the RBI issued new Rs 500 (stone-gray in color) and Rs 2000 (purple in color) notes. The new Rs. 50 note contain the motif of a South Indian temple on the reverse. “The new denomination has the motif of Hampi with a chariot on the reverse, depicting the country’s cultural heritage. The base color of the note is fluorescent blue,” the central bank said in a statement. The demonetisation exercise was carried out to cut down shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.

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.

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