Here is everything that you need to know about the new Rs 50 note

By Team Asianet Newsable | First Published Aug 19, 2017, 9:03 AM IST

For the first time a historical monument from Karnataka is being represented in the currency.
RBI stated that stone chariot from Hampi was selected to represent the cultural heritage of the country.
The old Rs 50 currency will be in circulation along with the new one.

Reserve Bank of India has announced that a new currency note of Rs 50 denomination will be introduced with the historical stone chariot of Hampi. This is the first time that a historical monument from Karnataka is being represented in the currency note, reported Kannada Prabha.

The currency is light green and carries the signature of current RBI Governor Urjit Patel. The front of the note carries the picture of Mahatma Gandhi, which is a usual feature in all Indian currencies. The other side, however, carries the picture of the stone chariot in Hampi. In a statement, RBI said that the stone chariot from Hampi was selected to represent the cultural heritage of the country.

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The old Rs 50 currency will also be in circulation along with the new one. The new bank note, however, will be slightly smaller and slimmer than the existing one. According to RBI, the new note will have dimensions 66 mmX135 mm. While the height of the new note will be the same as the new Rs 500 and Rs 2,000 notes that were introduced after demonetisation, the width will be even lesser than the Rs 500 banknote.

All you need to know about the new note

Apart from the unique colour of the new Rs 50 banknote, it will also have the Swachh Bharat logo with a slogan on the reverse. The security features for the new banknotes will include micro letters 'RBI', 'Bharat'(in Devanagri), 'INDIA' and '50'.

The bank note will also have a windowed demetalised security thread with inscriptions 'Bharat' (in Devanagri) and 'RBI'. Having said that experts believe that with both the old and the new notes being circulated in the market, it will be difficult for money dispensing machines to provide for both the notes. However, Navroze Dastur, CEO, NCR India, provides a simple solution. Speaking to the Times of India, he said, "If the Rs 50 note has to be dispensed from ATMs there will have to be separate cassettes for new and old notes."

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