RBI issues new batch of Rs 500 notes with inset letter A

Jun 14, 2017 09:06 IST

RBI issues new batch of Rs 500 notes with inset letter AThe 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.

CA eBook

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.

Is this article important for exams ? Yes1 Person Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK