RBI introduces new batch of banknotes of Rs 500 with inset letter ‘A’

  • RBI introduces new batch of banknotes of Rs 500 with inset letter ‘A’
13-06-2017 | Pratidin Bureau. |

The Reserve Bank of India has announced to release a new consignment of Rs 500. RBI said that on the new note the inset letter “A” has been written.

The RBI has also clarified that the old notes of E series would remain valid even after the introduction of the new modified notes.

“In continuation of issuing of Rs. 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a 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 issued,” RBI said in a statement.

Earlier, after the ban on November 8, the Reserve Bank of India issued new notes of 500 and 2000 rupees and the government had abolished the trend of old notes of 500 rupees and 1000 rupees immediately.

Tags : RBI banknotes Rs 500 Urjit R. Patel currency India


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