More slimmer and smaller in its look, a new Rs 50 florescent blue colour note will be soon released by the Reserve Bank of India. The new note will have the signature of RBI Governor Urjit Patel.
The apex bank said in a release on Saturday that the old Rs 50 notes will also continue to be legal tender.
66mm is 135mm will be the dimension of the new Rs 50 notes with a width lesser than that of the new Rs 500 banknote. Whereas the height of the note will be same as that of the new Rs 500 and Rs 2000 notes which were released by the bank after the central government had announced the demonetization scheme.
The note, apart from the dimensions and the colour, will have a unique feature.
“ The bank note will have the motif of Hampi with the chariot and the Swacch Bharat logo with the slogan on the backside,” said an RBI official, on conditions of anonymity.
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.
Highly places sources said the new Rs 200 notes will be released soon as well but the central bank remained tightlipped on the matter when asked about it.
In micro letters ‘RBI’, ‘Bharat’ (in Devnagri), ‘INDIA’ and ‘50’ will be printed on the notes which are considered as some of the new security features of the note.
The banknote will also have a windowed demetalised security thread with inscriptions ‘Bharat’ (in Devnagri) and ‘RBI’. The portrait of Mahatma Gandhi will be on the centre of the note, the denominational number will be in Devnagri and Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem will be seen towards right of Mahatma Gandhi portrait.
Navroze Dastur, CEO, NCR India, said,” Even if the old Rs 50 note or the new one co-exist , it will not complicate matters nor will there be any problems regarding dispensation of cash from ATM’s as most banks have stopped dispensing Rs 50 notes at ATM’s. If both the old note and the new one has to be dispensed, then two separate cassettes have to be installed in the ATM’s,”