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RBI to issue new Rs 500 notes soon

Press Trust of India  |  Mumbai 

Reserve will soon put into circulation a new batch of Rs 500 banknotes in the new series, printed in 2017. "A new batch of banknotes with inset letter 'A' in both the number panels, bearing the signature of Dr Urjit R Patel Governor, Reserve of India; with the year of printing '2017' on the reverse, are being issued," RBI said in a release today. RBI said the release of new batch of Rs 500 notes is in continuation of issuing Rs 500 denomination banknotes in (new) series from time to time, which are currently legal tender. With respect to design, these notes will be similar to the existing Rs 500 banknotes in (new) series. The new Rs 500 notes, which were introduced post November 8, 2016 after disbanding old Rs 500 and Rs 1,000 notes, wear a complete new look in a stone grey colour, depicting image of the Red Fort as well as carrying a message to keep the surroundings clean. Besides, the notes are smaller in dimension compared with earlier ones and have added security features.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 13 2017. 17:28 IST