Sunday, 20 August 2017

RBI Introduces New Rs.50 Note

The Reserve Bank of India (RBI) will soon release Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, having signature of Governor Urjit R. Patel, the central bank said in a release.

The base colour of the new note is fluorescent blue. It has a motif of Hampi with Chariot on the reverse, depicting the country's cultural heritage.
The note has geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
However, RBI clarified that all the Rs 50 banknotes in the earlier series will continue to be a legal tender. 

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