The Reserve Bank of India (RBI) on Friday announced circulation of new currency denomination of Rs. 50 banknotes in the Mahatma Gandhi (New) Series.
Bearing signature of RBI Governor Urjit Patel, the new denomination has motif of Hampi with Chariot on the reverse, depicting the country's cultural heritage.
With base colour in fluorescent blue, the note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
All the banknotes in the denomination of Rs. 50 issued by the RBI in the earlier series will continue to be legal tender.
Last year in December, the central bank had announced issue of Rs. 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of Patel and the year of printing '2016' printed on the reverse of the banknote.
It added that the design and security features of the new notes will be similar to the old tender, which will continue in circulation.
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