Notice the large Lion Capital of Emperor Asoka on the right hand side of the Note with the words “Satyameva Jayate” (Truth Always Prevails) below it. If you look at the serial number of the Note, the prefix of the above Note is ‘1RS’, the serial No. is ‘953443’. There is the letter “A “of the alphabet mentioned in the background of the serial number. Hence, this note is said to have been issued with an “A” Inset. The serial number is mentioned on the bottom left and repeated on the top right hand side of the Note.
Also notice that the promise to pay the bearer the sum of fifty rupees made by the Governor is mentioned first in English on the left hand side and then in Hindi on the right hand side. We will see that in Notes issued at some later dates, this pattern will reverse. Also, notice that the words “Reserve Bank of India (and) Guaranteed by the Central Government” are mentioned in English above and then in Hindi, below the English Inscription. This pattern will also reverse in Notes issued at some later dates.
The symbol of the Reserve Bank of India figures on this Note at the bottom left hand side. Also, notice that the word “Governor” is mentioned as such both in English and Hindi and not translated into Hindi (The normal Hindi translation is “Rajyapal” or “one who manages/looks after the affairs of the State”, as this may be a misnomer while addressing the Governor of the RBI? Any other interpretations as to why the Hindi translation of the word Governor has not been made on currency notes? Or is it just an oversight?).
(Remember that, both designs i.e. the one with the large Lion Capital on the right hand side as well as this design were issued during Dr. Rangarajan’s tenure as well as his successor Dr.Jalan’s tenure).
The above is an image of the front side of a 50 rupee note issued under Dr. Reddy’s signatures with an “L” Inset.
Posted on 08.11.2012:
The back of the fifty rupee Note showing the rupee symbol again before the "50" numerals mentioned on the top left hand and right hand sides.
Posted on 23.01.2014:
Reserve Bank of India has now decided to withdraw all currency notes issued prior to 2005, without specifically mentioning that these Banknotes will cease to be legal tender. From April 2014 all Banks will accept and exchange pre-2005 Banknotes. These Banknotes are easily identified by the absence of the year of printing on the Back of the Note. RBI estimates that the maximum number of fake currency Banknotes are from the period prior to 2005. From 01.07.2014, to exchange more than 10 pieces of Rs.500/- and Rs.1000/- banknotes, non-customers will have to furnish identity and address proof to the Bank Branch. However, it is expected that later on RBI will issue a communication advising users the final date upto which Banknotes prior to 2005 will be accepted by the Bank.
Therefore, please start examining the year of issue"at the back of the currency Notes passing through your hands, so as not to face the inconvenience of going to a Bank Branch for returning the currency issued prior to 2005.
While this is a welcome step, RBI needs to have a policy in place to take the remaining counterfeit Banknotes issued after 2005, like changing/revamping the Front and Back designs, adding more effective security features etc. so as not to put users at risk of accepting counterfeit currency Banknotes.
Posted on 03.03.2014:
Posted on 28.08.2014:
I have acquired my first Rs.Fifty Banknotes, signed by the present RBI Governor Raghuram G. Rajan from a toll collection post while travelling from Chennai to Coorg last week. The scans of the Front & Back of this Banknote are placed below for reference:
The Front of the Rs.50/- Banknote signed by Raghuram G. Rajan issued with a Plain Inset in January 2014.
The Back of the above Banknote showing the year of issue as 2014.
Now I am on the look-out for Rupees Fifty Banknotes issued with "L" Inset (proposed for issue anytime after April 2014) and "R" Inset (proposed for issue anytime after August 2014).
Posted on 31.12.14:
The Reserve Bank of India (RBI) has extended the deadline for turning in pre-2005 Banknotes to 30.06.2015. While these Banknotes would be treated as legal tender upto this period, but RBI would destroy them as and when they come into Bank branches.
RBI has sought the general public’s cooperation and urged them to deposit the old design Banknotes in their Bank accounts or exchange them at a bank branch convenient to them.
RBI has further mentioned that the Banknotes can be exchanged for their full value till this date. Check out all your Banknotes and deposit all such Banknotes (i.e. without the year of issue printed at the back) at convenient Bank branches before the scheduled date.
Posted on 28.02.2015:
The undernoted is a scan of a Rupees Fifty Banknote issued during the tenure of Raghuram G. Rajan, RBI Governor bearing the Inset "L":
The Front of the above Banknote showing the "L" Inset.
The Back of the above Banknote showing the year of issue as 2014.
Posted on 07.03.2015:
While sifting through my Banknotes collection, I discovered the undermentioned Rs. Fifty Banknote which was issued under RBI Governor Raghuram G.Rajan's signatures in 2013 with a Plain Inset.
The Front of the above Banknote issued in 2013 showing a "Plain" Inset.
The Back of the above Banknote showing the year of issue as 2013.
Posted on 26.06.2015:
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015.
Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.
The Reserve Bank has further stated that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender.
Posted on 17.07.2016:
I am updating this post after a long time because of my preoccupation with other posts. The indernoted is an image of a Rupees Fifty Banknote issued in 2015 with a Plain Inset:
The Front of the above Banknote issued in 2015 showing a "Plain" Inset
The Back of the above Banknote showing the year of issue as 2015
The following is an image of a Rupees Fifty banknote issued with an "ascending numerals" or "exploding font" serial number a security feature which has been carried over to smaller denominations of Banknotes viz Rs.10, 20 and 50, after the launch of this design in the higher denominations viz. Rs.100, 500 and 1000 (which also carry the Bleed line feature on either side of the Front.
The Front of the above Banknote issued in 2016 showing an "E" Inset which I collected a few days ago at a Provisions Store. Notice that the Serial number 261713 is in an exploding font format, while the other features of the earlier design have remained unchanged.
The Back of the above Banknote showing the year of issue as 2016, otherwise it exhibits no change from the earlier design
The following Banknote images have been sent to me by Zaheer Hasan for illustration:
The Front of a Rs.Fifty Banknote issued in 2015 with an "E" Inset exhibiting the exploding font features in its serial number "691149"
The Back of the above Banknote showing the year of issue as 2015, otherwise it exhibits no change from the earlier design
The Front of a Rs.Fifty Banknote issued in 2016 with an "E" Inset exhibiting the exploding font features in its serial number "751821"
The Back of the above Banknote showing the year of issue as 2016.
The Back of the above Banknote showing the year of issue as 2016.This Banknote is contained in the undernoted packet of 100 pieces.
The Front of a Rs.50/- Banknote packet of 100 pieces with the exploding font serial numbers with an "R" Inset from Zaheer's collection, issued in 2016.
The Back of the above Rs.50/- Banknote packet showing the year of issue as "2016".
Links to other Posts on Indian Currency Notes on this blog: