The Reserve Bank of India (RBI) has issued new Rs 500 notes on Tuesday with inset letter A. Followed by demonetization in November 2016 the RBI has introduced Rs 2000 and Rs 500 notes freshly. Now, the RBI has issued new rs 500 notes with a little appearance difference.
RBI Introduces New Rs 500 Notes with Inset Letter A – Present Notes Also Valid
The central bank, in an announcement, said this was in continuation of the issue of Rs 500 demonetization banknotes in Mahatma Gandhi (new) series, which were informed on November 8, 2016. Every now and then, the bank presents new series of legal tender.
“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 Urjit R Patel, Governor, Reserve Bank of India; with the year of printing ‘2017’ on the reverse, are being issued,” an official statement said.
This comes after RBI Deputy Governor N S Vishwanathan said in March that the central bank did not have any series to present new demonetization currencies as it needed to empower cashless transactions in the nation.
Arun Ram Meghwal, pastor of state for fund, said that the Government was not wanting to print Rs 5,000 and Rs 10,000 money notes.The RBI had declared on December 16, 2016 that it would issue Rs 500 notes with the inset letter “E” in both the number boards, the report included.
Moreover, the national bank said that the notes will bear Swachh Bharat logo on the posterior of the banknote and that a portion of the notes would convey an extra character in the space between the prefix and the quantity of the banknote.