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RBI to issue new Rs 50 bank notes

Posted on Oct 30, 06:48PM | UNI

The Reserve Bank of India (RBI) will shortly issue Rs 50 denomination bank notes.

An official statement said here today, the new banknotes will be in the Mahatma Gandhi Series-2005, bearing the signature of Dr D Subbarao, Governor, Reserve Bank of India, and the year of printing 2012 printed on the reverse of the Banknote.

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

All the bank notes in the denomination of Rs 50 issued by the bank in the past would continue to be legal tender, the statment added.