The Reserve Bank of India is set to release the new currency notes of Rs. 50 shortly. The photos of the new Rs. 50 notes became viral on the internet. The public was shocked at this development. They were apprehensive whether these new notes also may be demonetized.
However, as the news spread was unofficial, most people did not believe this.
In this scenario, the Reserve Bank of India has confirmed that it is set to release new currency notes of Rs. 50 shortly.
The news is gathered that the new notes may come into circulation by the New Year.
The backside of the new Rs. 50 note has the image of the South Indian Historic Icon – the chariot in the Hampi temple.
It is also further known that the existing currency notes of Rs. 50 will be valid and continue in circulation.