NEW RS 10 DENOMINATION TO BE IN YOUR WALLET SOON, MAY NOT LIVE LONG SINCE IT IS NOT VISUALLY-IMPAIRED FRIENDLY

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The Hush Post: The Reserve Bank of India will issue a Rs 10 denomination banknotes in the Mahatma Gandhi (New) series, bearing signature of Dr. Urjit R. Patel, Governor of RBI. After issuing a 200 and 50 rupee note last year, about one billion chocolate brown notes of denomination have already been printed. However, the new note may not have a long life as it is already in trouble for not being friendly for the visually disabled. For this reason, it may not make it to the ATMs also.  On January 31, the Delhi High Court is scheduled to hear the RBI’s and the finance ministry’s response to a public interest litigation (PIL) asking for withdrawal of the new Rs 50 denomination. “The new note has motif of Sun Temple, Konark on the back, depicting the country’s cultural heritage,” RBI said on its portal.

All the earlier denominations of Rs.10 issued by the Reserve Bank in the earlier series will continue to be valid as legal tender. Post this, after the announcement of demonetisation of old 500 and 1000 rupee notes, the RBI also introduced new 500 and pink coloured 2,000 rupee notes. Another big change is the size of the banknote itself. While the dimensions of the old Rs 50 note stood at 73 mm X 147 mm, the new note is leaner at 66 mm x 135 mm.

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