The Reserve Bank of India will shortly issue Rs.50 denomination Banknotes incorporating Rs. symbol on the obverse and reverse, without inset letter in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2013' printed on the reverse of the Banknote.

The design of these notes to be issued now is similar in all respects to the Rs. 50 Banknotes in Mahatma Gandhi Series- 2005 issued earlier.

All the Banknotes in the denomination of Rs. 50 issued by the Bank in the past will continue to be legal tender.

Ajit Prasad

Assistant General Manager

Currency design update: new banknotes incorporate rupee symbol without inset letter; existing notes remain legal tender. The central bank will issue fifty denomination banknotes incorporating the rupee symbol on obverse and reverse and omitting the inset letter in both numbering panels; these notes retain the existing Mahatma Gandhi Series design, carry the Governor's signature and year of printing, and all previously issued banknotes of the same denomination continue to be legal tender.