This medal is prepared out of proceeds of an endowment of Rs. 10,000/-.Y.S. Murty Medal was instituted during 1985, by Prof. Y.S. Murty Commemoration Committee. The medal is awarded each year to a distinguished young Botanist (Life member/Fellow) member of the society not more than 40 years of age for outstanding contributions in any branch of Botany. A special function is organised during the Botanical Conference in connection with the presentation of this medal and a special lecture by the recipient of the medal.