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Tuesday, May 24, 2022

New Rs 50 note seen in Mumbai

A new Rs 50 bank note, that is scheduled to be circulated by the Reserve Bank of India soon, was found in possession of a Mumbai man on Thursday.

By: Express Web Desk | New Delhi |
Updated: August 24, 2017 11:17:00 pm
50 note, rs 50 note, new rs 50 note, rbi, rs 200 note, 200 note, mumbai, reserve bank of india A man holds a new 50 rupee denomination. (Express photo by Amit Chakravarty)

A Mumbai man was seen in possession of the new Rs 50 bank note on Thursday. An exclusive picture of the man with the new note has been accessed by The Indian Express.

The new denomination Rs 50 banknote in the Mahatma Gandhi (new) series bears the signature of central bank governor Urjit Patel. It has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The base colour of the note is Fluorescent Blue. However, all the banknotes in the denomination of Rs 50 issued by the central bank in the earlier series will continue to be legal tender. The dimension of the banknote is 66 mm x 135 mm.

Last month, images of the new denomination Rs 50 and Rs 200 note hit social media with several people looking for a confirmation. The government had on Wednesday confirmed that a new Rs 200 note will be issued by the Reserve Bank of India.

The new Rs 200 note will help in day-to-day transactions and will replenish the reduction in Rs 500 notes following the demonetisation move by the Union government on November 8 last year. “The new 200 notes will carry advanced security features. The authorities are taking extra precaution to prevent counterfeiting,” an official aware of the printing schedule had said.

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