The Reserve Bank of India (RBI) has made a big announcement of issuing new notes. Now, a new ₹ 50 note with the signature of RBI Governor Sanjay Malhotra is going to come into the market. This news is important for all those people who often keep ₹ 50 notes in their pockets. But will this new note be different from the old notes? And most importantly, will the old notes kept with you remain valid? Let’s know every important thing related to this change.
What is the change in the new ₹ 50 note
This move of the Reserve Bank of India will bring the 50 rupee note in a new form, but this change is very small. This note will continue the existing design of the Mahatma Gandhi (New) series. This means that the note will have the same familiar picture of Mahatma Gandhi on the front, and cultural symbols will remain on the back as well.
The only change in the issuance of new notes is that it will be signed by the new RBI Governor, Sanjay Malhotra, who replaced Shaktikanta Das in December 2024. RBI has made it clear that no other design changes have been made in this new note.
Will the old ₹50 notes still be valid
RBI has made an important announcement that the old notes will remain valid. This means that the ₹50 notes with the signatures of the old governors, which you have, are completely valid and you can use them as before. Even after the new notes come into circulation, the validity of the old notes will not be affected. This ensures that there is no disruption in the country’s monetary system.
Why does the governor’s signature change on the notes
Changing the signature of the RBI governor on the notes is a normal process. Whenever a new governor takes charge, the RBI starts issuing new notes with the signature of the incoming governor while keeping the old notes in circulation.
This process helps the RBI to keep the official records of the notes updated. For example, the Y.V. Reddy’s signature on the ₹50 note and the Urjit Patel signature note issued in 2016 are still in circulation. This trend continues with the change of the RBI governor.