New fluorescent blue banknote in the Mahatma Gandhi (New) Series bearing the signature of RBI Governor Urjit R. Patel, will feature the motif of Hampi with chariot and the Swachh Bharat logo and will be of 66 mm X 135 mm dimension
The Reserve Bank of India (RBI) will soon introduce new Rs 50 banknotes in the Mahatma Gandhi (New) series, bearing signature of its Governor, Urjit R. Patel. The new banknotes, printed in a fluorescent blue base colour, will be put into circulation without discontinuing the earlier Rs 50 notes.
In a press statement, the RBI informed that the dimensions of the new note will be 66mm x 135mm. While the height of the new tender is the same as the new Rs 500 and Rs 2,000 banknotes which were issued after demonetization in November last year, the width is lesser than the Rs 500 banknote. The new notes will be slightly smaller and thinner than the existing Rs 50 tender.
The new tender will bear the picture of the iconic stone chariot of Hampi (in Karnataka) along with the Swachh Bharat logo and slogan on its reverse.
The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
The central bank had announced in December last year that it would issue new currency notes of Rs 50 and Rs 20 denominations. The announcement came after photos of new fluorescent notes started doing the rounds on social media.
The announcement of the new Rs 50 series comes at a time when there is immense speculation over the possibility that the central bank will soon stop printing the Rs 2,000 notes that were issued after demonetisation and will instead step up printing of lower denomination notes. Another rumour doing the rounds is that the RBI may also print new notes of Rs 200 denomination.
It however remains unclear whether the new Rs 50 notes will also be dispensed at ATMs like tender of Rs 100, Rs 500 and Rs 2000 denominations. Doing so will present two complications – first, the size of the old and new Rs 50 notes is different and so ATM’s will need to have two separate cassettes for calibration and dispensing of the notes of different dimensions and second, the RBI will have to print the new notes in huge quantities as ATMs presently do not dispense Rs 50 notes at all.
Here are the salient features of the new Rs 50 notes:
On the Obverse (Front)
* See through register with denominational numeral 50
* Denominational number 50 in Devnagri script
* Portrait of Mahatma Gandhi at the centre
* Micro letters ‘RBI’, BHARAT in Devnagri, ‘INDIA’ and ‘50’.
* The windowed demetallised security thread has inscriptions of BHARAT in Devnagri and RBI.
* Guarantee clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait
* Ashoka Pillar emblem on the right
* Watermarks of Mahatma Gandhi portrait and electrotype (50)
* The number panel with numerals growing from small to big is on the top left side and bottom right side.
On the Reverse (Back)
* The year of printing of the note is placed on the left
* Swachh Bharat logo with slogan ‘Ek Kadam Swachhta ki Aur’
* The currency has a language panel
* Motif of Hampi with chariot
* Denominational number 50 in Devnagri