Bhubaneswar: The Reserve Bank of India (RBI) will shortly issue Rs 500 denomination bank notes in the Mahatma Gandhi Series-2005 with insert letter ‘R’ in both the numbering panels.
The notes will bear the signature of DR Gaghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing ‘2015’ printed on the reverse of the bank note.
The design of the notes to be issued now is similar in all respects to the Rs 500 bank notes in Mahatma Gandhi Series-2005 issued earlier, including the additional features, namely the ascending size of numerals in the number panels, bleed lines and enlarged identification mark on the observe.
The notes with these features were introduced for the first time in September, 2015.
All the bank notes in the denomination of Rs 500 issued by the RBI in the past will continue to be legal tender, the apex bank said in a release.