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RBI Issues a new Batch of Rupees 500 denomination, Old notes remain valid

RBI on Tuesday 13 June 2017 issued new batch of rupees 500 denomination with inset letter 'A' in both number panels. Old notes will also be valid

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batch of rupees 500 denomination

New Delhi, June 13: Today on Tuesday Reserve Bank of India (RBI) issued a new batch of rupees 500 denomination. This new batch of rupees 500 denomination consists of inset letter A in both the number panels. However general public do not need to panic as the old 500 rupees denomination will remain valid.

This new batch of rupees 500 denomination will also have RBI governor Dr. Urjit Patel signature in front of the note and 2017 printed in the reverse side of the note. The design of the note is similar to the newly issued 500 rupees denomination.

Earlier issued 500 rupees notes consists of inset letter E in both the number panels. It consists of Swachh Bharat logo and printing year 2016 on the reverse side of the note.

The note also consists of intaglio printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines, circle with Rs 500 in the right, and the identification mark which enable the visually impaired person to identify the denomination.

On November 8, Prime Minister Modi has announced that from the midnight of 9th November all 500 and 1000 rupee denomination will become illegal tender. In return of this, RBI issued new 500 and 2000 rupees notes.

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