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1-min read

RBI Issues New Batch of Rs 500 Notes with Inset Letter 'A'

The Reserve Bank of India (RBI) on Tuesday said it has issued a new batch of Rs 500 notes with inset letter 'A' in both the number panels.

News18.com

Updated:June 13, 2017, 2:45 PM IST
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RBI Issues New Batch of Rs 500 Notes with Inset Letter 'A'
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Mumbai: The Reserve Bank of India (RBI) on Tuesday issued a new batch of Rs 500 notes with inset letter 'A' in both the number panels.

“In continuation of issuing of ₹ 500 denomination banknotes in Mahatma Gandhi (new) series which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of RBI governor Urjit Patel; with the year of printing '2017’ on the reverse, are being issued,” RBI said in a statement.

ALSO READ | Note Ban Has and May Continue to Result in a Slowdown: SBI

The design of these notes is similar to the Rs 500 notes in Mahatma Gandhi (New) Series which were first notified on November 8 last year.

On November 8 last year, the Centre had announced the demonetisation of old Rs 500 and Rs 1000 notes following which the RBI had released new notes with improved security features.

ALSO READ | Demonetisation Led to a 'Substantial Movement' Towards Digitisation: Jaitley

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| Edited by: Huma Tabassum
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