50 Rupees

Pick 33 spans nearly two decades and five governors, which makes it an unusually long-lived design for a Nepalese issue. The shift to a windowed security thread partway through the run — appearing first with the Shrestha signature from around 1995 — is the most functionally significant change, and collectors tracking the series by signature variety should note that the earlier plain-watermark examples and the later thread varieties are genuinely different objects from a security standpoint, not merely signature substitutions.

Thomas De La Rue handled the full run from London, consistent with Nepal Rastra Bank's long-standing relationship with the printer across multiple denominations during this period.