Reserve Bank of India issues new note of Rs 500 with inset letter “A”

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The Reserve Bank of India or RBI has issued a new series of Rs. 500 banknotes that includes letter ‘A’.

RBI statement said, “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.”

Reserve Bank of India asserted the new pattern of the Rs. 500 notes is almost similar to the previous one. It has only involved letter A in the new series.

On November 8, PM Narendra Modi announced the demonetisation of Rs. 500 and Rs. 1,000 notes to remove black money in the country. The new note has “E” written in the upper-left as well as lower-right corners.

Rs. 500 notes also showcases Mahatma Gandhi photograph, Ashoka Pillar emblem, bleed lines, circle with Rs. 500 in the right as well as an recognition mark. On the front, it also has signature of RBI Governor Urjit Patel.

The old Rs. 500 note has a photograph of Red Fort on the back side.

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