Hardly a month after the announcement of new Rs. 20 notes, Reserve Bank of India (RBI) on Friday said that it will also bring new Rs. 50 banknotes shortly in circulation.
The new Rs. 50 notes will be in the Mahatma Gandhi (New) Series, bearing signatures of RBI governor Urjit R Patel. With base colour of “Fluorescent Blue”, the new note has a motif of Hampi with Chariot on the reverse.
It also has different designs and geometric patterns aligning with the overall scheme, the Reserve bank further stated.
The five highlights of the new Rs. 50 note:
- The note will be in a dimension of 66 mm x 135 mm.
- It will have a see through register with denominational numeral 50 on the front side of the note which means that the small design printed both on the front (hollow) and back (filled up) of the note in the middle of the vertical band next to the watermark, will have an accurate back-to-back registration.
- On the front side, denominational numeral 50 will be written in ‘Devnagari’ along with a portrait of Mahatma Gandhi at the centre.
- The Ashoka Pillar emblem will be printed on the front-right side. The guarantee clause, Governor’s signature with a promise clause and the RBI emblem will feature towards the right of Mahatma Gandhi’s portrait.
- The year of printing would be mentioned on the back-left of the note and will also have a Swachh Bharat logo with slogan.
All the banknotes in the denomination of Rs. 50 in the earlier series will continue to be legal tender.
It is also expected that new Rs. 200 notes will be introduced in the coming months to ease pressure on lower-denomination currencies which are currently facing acute shortage.
Mr. Santosh Kumar Gangwar, Minister of State for Finance said that the Rs. 200 notes will be circulated soon in the currency market, printing of which had already been begun.