RBI issues new Rs 500 notes with inset letter ‘A’, old currency to stay valid

The design of the new notes is similar in all respects to the Rs 500 banknotes notified on November 8, 2016.

The Reserve Bank of India has issued a new batch of Rs 500 denomination notes, an official said here on Tuesday.

PTI file for representation

The central bank, in a statement, said this was in continuation of the Rs 500 denomination bank notes 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 of Reserve Bank of India, with the year of printing ‘2017’ on the reverse, are being issued,” an official statement said.

The design of these notes is similar in all respects to the Rs 500 banknotes in Mahatma Gandhi (New) Series, which were notified on November 8, 2016.