How to tell if your new Rs 500 and Rs 2000 notes are real! The new currency notes will have designs, geometric patterns aligning with the overall colour scheme both on obverse and reverse.
While the move disrupted the daily lives of hundreds of millions of Indians, economists and some businesses have welcomed it as a vital step towards broadening the formal economy and improving tax compliance.
People are trying to swap their old notes for smaller bills and for new 500 and 2,000 rupee notes, which are being rushed into circulation and are designed to be harder to forge.
The Rs 2,000 notes, which are being introduced for the first time, will be of magenta colour with Mangalyaan imprinted on the reverse side. The higher value currency notes will have other designs, geometric patterns aligning with the overall colour scheme both on the obverse and reverse.
The new denomination has motif of the Mangalayan on the reverse, depicting the country’s first venture in interplanetary space.
The Rs 500 banknotes will be stone grey in colour with a predominant new theme of the Indian heritage site Red Fort.