The Reserve Bank of India will shortly be issuing Rs.50 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor with capital letter "E" inset in both numbering panels. Except for this change, the design of the Rs.50 notes to be issued now is similar to those issued earlier in the 'Mahatma Gandhi' Series. All Rs.50 denomination notes issued by the Bank in the past will continue to be legal tender.
P.V. SadanandanAsst. Manager
Press Release : 2000-01/1532