RBI to issue fluorescent blue Rs 50 note in new series

RBI to issue fluorescent blue Rs 50 note in new series

It is yet not clear that if it is actually the new Rs 50 note or yet another social media trap.

And as for the fine print, the alleged new notes are in the Mahatma Gandhi Series-2005 and will bear the signature of current RBI Governor Urjit Patel.

"The base colour of the note is fluorescent blue".

RBI to issue new Rs 50 note with Hampi with chariot motif.

The new Rs 50 notes have several geometric patterns that align with the colour scheme on both obverse and reverse sides.

With furthering the process of passing the new Rs 50 notes into peoples hands, it is believed that the new notes have already reached RBI chests and ready to be distributed. The guarantee clause, Governor's signature with a promise clause and the RBI emblem will feature towards the right of Mahatma Gandhi's portrait. This is the third note that is going to be changed after the demonetisation move by Prime Minister Narendra Modi.

Micro letters "RBI", BHARAT in Devnagri, "INDIA" and "50". Also, some sources reads that the old currency will be still valid even after the launch of new 50 Rupee currency note. It is placed in the center just like the newest 500 and 2000 Indian currency notes.

On November 8, the Narendra Modi-led government made a decision to ban old Rs 500 and Rs 1000 notes.

The note has a see through register with denominational numeral 50.