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?).
This is an image of a fifty rupee Note issued during the tenure of C.Rangarajan. The Note is issued with a “Plain Inset” under the changed Mahatma Gandhi series. Notice that his name is mentioned as “M.K.Gandhi” ("Mo.Ka. Gandhi" in Hindi) below his large portrait on the right hand side, Also the Lion Capital has moved to the bottom left hand side along with the words “Satyameva Jayate” below it. The RBI symbol has now been placed to the right hand bottom corner. Also, the words “Bhartiya Reserve Bank” in Hindi are mentioned above the English translation “Reserve Bank of India”. Similarly, the Governor’s promise to pay fifty rupees to the bearer of this note is mentioned in Hindi first on the left hand side and then in English on the right hand side, unlike in the previous Note.
(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".
Posted on 09.11.2016:
The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.
The ATMs will resume functioning from November 11, 2016 upon their recalibration to dispense bank notes of the denominations of Rs.50/-, Rs.100/- Rs.500/- and Rs.2,000/-
Further, so as to ensure customer convenience, banks are also advised to provide all cash withdrawal transactions at their ATMs free of cost to their customers till 30 Dec 2016. It has also been decided that banks may fix a limit of Rs 2000/- per day per card withdrawal limit at ATMs, for all their customers, till November 18, 2016. For deposits being made at Banks and other establishments, please note, that one will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.
The Front of the new Rs.2000/- Banknote which is now going to be in circulation wef 10.11.2016
The Back of the new Rs.2000/- Banknote shows the Mangalyaan which is the Mars Orbiter
The new denomination has the motif of the "Mangalayan" on the Back, which is India's first venture in inter-planetary space.
The base colour of the Banknote is magenta .
The Banknote has other designs, geometric patterns aligning with the overall colour scheme, both on the Front and Back.
The Front of the new Rs.500/- Banknote which is now going to be in circulation wef 10.11.2016
The Back of the new Rs.500/- Banknote shows the Red Fort in New Delhi
The salient features of the new Rs.500/- Banknotes are:
The new Banknote is different from the present series in colour, size, theme, location of security features and design elements.
The colour of the Banknote is stone-grey.
The Banknote has a pre-dominant new theme - Indian heritage site - Red Fort.
This is a handy chart showing the various dates and options available to the customers/depositors
This form is to be filled in , in case the demonetised currency is being deposited in a non-home Branch/Post Office.
Links to other posts on Indian Currency denominations on this blog:
Introduction of the new Rs.2000/- denomination in Indian Currency circulation wef 10.11.2016
Classification and Valuation of Rs.500/- Notes
Classification and Valuation of Rs.100/- Notes
Classification and Valuation of Rs.50/- Notes
Classification and Valuation of Rs.20/- Notes
Classification and Valuation of Rs.10/- Notes
Classification and Valuation of Rs.5/- Notes
Did-you-know-series-1: Assists for identification of Currency Notes by visually challenged users
Did-you-know-series-2-what-is-design-or focus of the picture at the back of circulating Currency Notes in India?
Are you carrying a Fake Rs.500/- Banknote in your purse/wallet?: A comprehensive study