RBI announced the new Rs 50 currency notes: The Reserve Bank of India (RBI) announced that it is going to introduce Rs 50 currency notes in the new pattern. As per the central bank statement, they will design the new notes with Mahatma Gandhi (New) Series. The records will contain the Dr Urjit R.Patel sign, and he is the Governor of Reserve Bank of India.
RBI announced the new Rs 50 currency notes, How they look like, Are they Valid:
However, the people are very much excited to see on this note. They decided to do this, as they are not recovered from the demonetization fear. PM Narendra Modi announced the new Rs 50 note after the completion of eight months from the declaration of the new Rs 2000 and Rs 500 currency notes. RBI successfully launched the new Rs 2000 and Rs 500 notes to replace the old Rs 1000 and Rs 500 notes.
Are the new Rs 50 Currency Notes are Valid?
We already observed that there is a long line of the queue outside the ATMs. The people are waiting before the machines to withdraw the money. Recently, mobs are flooded near the banks to deposit their old Rs 500 and Rs 1000 notes. The government also kept the deadlines for everything. Now the RBI announced the new Rs 50 notes. The question that arrived in the mind of the individuals is what about the old Rs 50 notes? They are asking that is the old Rs 50 notes are valid or they have to exchange them in the bank.
RBI says there is no need to worry and it will tell everything officially. The only thing we have to do is to wait patiently till it announces officially. As per the statements, RBI stated that the denomination Rs 50 will continue as the legal tender in the future. So it is not necessary to worry more about the Rs 50 notes and enjoy the weekend. There is no need to stay on the banks to exchange the old notes and let’s wait for the RBI’s official statement.
If we compare the old notes with the new notes, we can find the new Rs 50 notes in fluorescent blue colour.
How will the new Rs 50 note appear?
It contains the motif of Hampi along with Chariot, and it is in reverse position. As per the statement that they will depict the country’s cultural heritage.
RBI manufactured it with the base colour of Fluorescent Blue. It features various designs, geometric patterns and the designers aligned it in the overall colour scheme. Both of the geometric patterns are obverse and reverse.
RBI today announced the new Rs 50 notes same as it did in the previous days. It shows us that it did not get out of the horror of demonetization. It is unclear whether we can to exchange the old notes in the bank, or they are valid. Let’s wait for the official RBI announcement.