New Rs 500 note introduced by RBI, old notes will stay valid

The Reserve Bank of India has introduced a new batch of Rs 500 notes with the inset letter 'A.' The older notes would stay valid, the RBI has confirmed.

The design of the new Rs 500 note is similar in all respects to the Rs 500 banknotes in the Mahatma Gandhi (new) series. The RBI has made it clear that those Rs 500 notes introduced after demonetisation will remain valid.

The note will bear the signature of RBI Governor Dr. Urjit R. Patel with the year of printing '2017' on the



reverse.

Key features of the Rs 500 note:

The main features of the Rs 500 banknotes are - size is 66mm x150mm, colour is stone grey, Red Fort-an image of Indian heritage site with Indian flag on the reverse.

The banknote also has these features:

Intaglio printing of Mahatma Gandhi portrait

Ashoka Pillar emblem, bleed lines

Circle with Rs 500 in the right

The identification mark which enable the visually impaired person to identify the denomination.