RBI to issue Rs 50 denomination banknotes with rupee symbol


The Reserve Bank will soon issue Rs 50 denomination banknotes incorporating rupee symbol with improved security features.

“The RBI will shortly issue Rs 50 denomination Banknotes incorporating rupee symbol, with inset letter ‘R’, in the Mahatma Gandhi Series-2005 with improved security features, bearing the signature of D Subbarao, Governor RBI,” the bank said in a release today.

The year of printing, 2012, will be on the reverse of the banknote, it said.

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, the release added.

[Source: Press Trust of India]