The announcement of the new Rs 50 series comes at a time when there is huge speculation over the possibility that the central bank will soon stop printing the Rs 2,000 notes that were issued after demonetisation and will instead step up printing of lower denomination notes. The motif of hampi with the chariot is boldly potrayed on the reverse of the note.
Are the new Rs 50 Currency Notes are Valid?
A year ago, in the wake of demonetising old Rs 500 and Rs 1000 notes, RBI issued Rs 500 (stone-dark in shading) and Rs 2000 (purple in shading) so as to refill the vacuum left by the withdrawal of the restricted notes.
Patel had promised to launch new Rs 50 notes previous year. Other designs, geometric patterns aligning with the overall colour scheme can be seen both at the front and back of the new Rs 50 note.
AS of now, no official date or month has been announced by the RBI for the release of new Rs. 50 note.
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After images of the new Rs 50 note spread across social media, the RBI on Friday disclosed the new look of the note and provided details of the new security highlights which needs to be checked by the citizens of India.
The notes are pale turquoise in shading and it has Mahatma Gandhi arrangement 2005.
Patel had promised to launch new Rs 50 notes a year ago. This is the third note that is going to be changed after the demonetisation move by Prime Minister Narendra Modi. Unlike the higher denomination notes, the smaller denominations of Rs 20 and Rs 50 are expected to be phased out gradually. The announcement has been out after the social media has been filled with the bundles of the new notes.
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