The Reserve Bank of India will shortly issue Rs. 50 denomination Banknotes incorporating "  Rs. " symbol on the obverse and reverse, with inset letter "L" 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 '2014' 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

Banknote issuance: new denomination variant with inset letter and symbolization announced; prior notes remain legal tender. Banknote issuance of a fifty rupee denomination variant incorporating the rupee symbol on both faces and an inset letter 'L' in each numbering panel is announced, adopting the Mahatma Gandhi Series 2005 design family and bearing the Governor's signature and the year of printing on the reverse. All previously issued fifty rupee banknotes in the denomination continue to constitute legal tender.