New Rs. 500 Notes Introduced. What Is Different?

Express News Global

The RBI stated the style of the brand-new Rs. 500 notes is comparable in all aspects to those coming from the Mahatma Gandhi (New) Series.

All India|NDTV Profit Team|Updated: June 13, 2017

New Rs. 500 Notes Introduced. What Is Different?
New Rs. 500 Notes Introduced. What Is Different?

Reserve Bank of India or RBI is providing a brand-new batch of Rs. 500 denomination banknotes in Mahatma Gandhi (brand-new) series from time to time which are presently legal tender, a brand-new batch of banknotes with inset letter ‘A’ in both the number panels, bearing the signature of Dr Urjit R. Patel Governor, Reserve Bank of India; with the year of printing ‘2017’ on the reverse, are being released.”

Highlights

1. New batch of Rs. 500 notes with inset letter ‘A’ being released, states RBI
2. Style of brand-new Rs. 500 notes much like existing Mahatma Gandhi (New) Series
3. In existing Rs. 500 notes, inset letter can be seen in 2 number panels

Here are 5 things to understand:

Reserve Bank of India stated the style of the brand-new Rs. 500 notes is comparable in all aspects to those coming from the present Mahatma Gandhi (New) Series.

500 banknotes, initially alerted on November 8 when the federal government in a surprise relocation revealed demonetisation of Rs. 500 and Rs.1000 notes, the inset letter “E” can be seen in the two number panels at the upper-left and lower-right corners of the front side.

The Rs. 500 notes likewise include “intaglio printing of Mahatma Gandhi picture, Ashoka Pillar symbol, bleed lines, circle with Rs. 500 in the right” and a recognition mark.

The Rs. 500 notes likewise bear the signature of RBI Governor Urjit Patel on the front side.

The year of printing and the Swachh Bharat logo design is printed on the reverse side. The Rs. 500 banknotes likewise include a picture of Red Fort on the reverse side.

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