The Reserve Bank of India (RBI) introduced new batch of banknotes of Rs 500 with inset letter A while old notes of E series will remain valid.
“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 RBI Governor Urjit R Patel; with the year of printing ‘2017’ on the reverse, are being issued,” RBI said in a statement.
The design of these notes is similar in all respects to the Rs 500 banknotes in Mahatma Gandhi (New) Series which were first notified dated November 8.
The earlier 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘E’ in both the number panels, bearing the signature of Urjit Patel had year of printing ‘2016’ and Swachh Bharat Logo printed on the reverse of the Banknote.
