RBI to issue new Rs 50 banknotes in Mahatma Gandhi series

MUMBAI : The Reserve Bank of India said that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ”L”, ”R” in both the number panels, bearing signature of Dr Urjit R.Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of the banknote. These banknotes would have the ascending size of numerals in the number panels and without intaglio printing; the banknotes are similar to Rs 50 banknotes issued earlier in Mahatma Gandhi Series-2005. RBI said that all the banknotes in the denomination of Rs 50 issued by the RBI in the past will continue to be legal tender. (AGENCIES)

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