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

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

NEW DELHI: A new fluorescent blue Rs 50 banknote in the Mahatma Gandhi series, slightly smaller and slimmer than the existing note will soon be introduced by the Reserve Bank of India.

All earlier notes will also continue to be legal tender. The dimensions of the new note will be 66mm x 135mm. While the height is the same as the new Rs 500 and Rs 2,000 banknotes which were issued after demonetization, the width is lesser than the Rs 500 banknote.

Besides the colour and the dimensions, a unique feature of the new banknote is the motif of Hampi with the chariot and the Swachh Bharat logo with the slogan on the reverse.

The RBI on Friday disclosed the new-look Rs 50 note and provided details of the new security highlights. The announcement came after images of the new note started doing the rounds on social media. The central bank, however, remained mum on the Rs 200 note, which has also been cleared according to sources.

Security features for the new banknotes include micro letters ‘RBI’, ‘Bharat’ (in Devnagri), ‘INDIA’ and ’50’.

The banknote will also have a windowed demetalised security thread with inscriptions ‘Bharat’ (in Devnagri) and ‘RBI’.
The existence of two types of banknotes of the same denomination will make it complicated to dispense them from ATMs. However, this will not be a major issue as most banks have stopped dispensing Rs 50 notes in ATMs according to Navroze Dastur, CEO, NCR India. “If the Rs 50 note has to be dispensed from ATMs there will have to be separate cassettes for new and old notes,” said Dastur.

New Rs 50 note to hit market soon, old note to continue Reviewed by on . NEW DELHI: A new fluorescent blue Rs 50 banknote in the Mahatma Gandhi series, slightly smaller and slimmer than the existing note will soon be introduced by th NEW DELHI: A new fluorescent blue Rs 50 banknote in the Mahatma Gandhi series, slightly smaller and slimmer than the existing note will soon be introduced by th Rating: 0
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