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50 Rupees Save for Development
| Issuer | Reserve Bank of India |
|---|---|
| Year | 1977 |
| Type | Non-circulating coin |
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| Obverse description | The Indian State Emblem — the Lion Capital of Ashoka — is depicted centrally in high relief, showing three lions passant upon an abacus adorned with a Dharma Chakra flanked by a horse and a bull in low relief. The legend 'भारत' (Bharat) appears along the left arc and 'INDIA' along the right arc in the peripheral legend, both in their respective scripts. Below the emblem, the denomination '50' is rendered in large numerals at center, with 'रुपये' (Rupaye) inscribed to the lower left and 'RUPEES' to the lower right, completing the bilingual denomination legend. |
|---|---|
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| Reverse script | Devanagari/Latin |
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| Additional information |
India's "Save for Development" series emerged from the government's push to channel domestic savings into infrastructure financing during the mid-1970s, a period when Indira Gandhi's administration was navigating the economic aftershocks of the 1971 war with Pakistan and the 1973 oil crisis. The Reserve Bank issued commemorative silver pieces partly as savings instruments, partly as foreign exchange earners — collector demand abroad was a genuine revenue consideration.
The .500 fineness is notably low for a commemorative silver issue, a deliberate cost-reduction choice that became characteristic of Indian commemoratives from this decade.