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New Rs 50 note seen in Mumbai before official release

By Newsd
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New Rs 50 note seen in Mumbai before official release
Image: IE

Even before the Reserve Bank of India( RBI) released the new Rs 50 denomination notes, a man was seen in possession of them in Mumbai. The incident is seen as a  matter of security breach. It is still not clear how and from where did the man get the notes. According to the Indian Express, government officials have confirmed that the new notes of Rs 50 in the Mahatma Gandhi (new) series will be issued by the RBI soon.

The new bank notes will have the signature of the RBI governor, Urjit Patel. The new note has the motif of Hampi with Chariot on the reverse, depicting the country’s rich cultural heritage. The base colour of the note is fluorescent blue and it also has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse and the note will have a dimension of 66 mm x 135 mm, according to the Reserve Bank of India.

The RBI will release the new Rs 50 and Rs 200 denomination notes on Friday. The old Rs 50 banknotes will continue to be legal tender. The new notes will be available in ATM machines from Friday itself. The new Rs 200 note has been introduced to aid in the day-to day transactions and to help replenish the reduction of the new Rs 500 notes which were introduced post demonetisation. These Rs 200 notes will have bright yellow base colour and a motif of Sanchi Stupa, according to the RBI.

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