The Reserve Bank of India (RBI) on 13 June 2017 announced that it has issued Rs 500 denomination notes with inset letter A.
The RBI also made it clear that the old notes, which were introduced after Prime Narendra Modi’s demonetisation drive in November 2016, will continue to remain the legal tender.
RBI has also stated that it has no plans to release new denomination currencies in the near future as it aims to promote cashless transactions in the country.
Key features of the new batch of the note
• The new batch of banknotes will have inset letter "A" in both the number panels.
• It will bear the signature of Urjit R Patel, Governor, Reserve Bank of India.
• The year of printing will be '2017' on the reverse.
• It will also have Swachh Bharat logo printed on the backside of the banknote.
• In addition, some of the notes would carry an additional character in between the prefix and the number of the banknote.
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