RBI introduces new Rs 50 banknote; heres what they look like

Key Highlights:

• Images of new Rs 50 notes were leaked on social media.
• RBI confirmed that it will shortly introduce new Rs 50 notes.
• Govt said new smaller denomination notes would be infused gradually.

Reserve Bank of India on Friday said it will ‘shortly’ issue Rs 50 denomination banknotes in Mahatma Gandhi (new) series.

“The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The base colour of the note is 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 Reserve Bank in the earlier series will continue to be legal tender,” RBI said.

The images put out by RBI of the Rs 50 specimen note:

These pictures of fake Rs 1000 notes, coins are doing rounds on WhatsApp