Issue of Rs.500 Banknotes with incorporation of Rupee symbol Rs. and inset letter 'R'

The Reserve Bank of India will shortly issue Rs. 500 denomination Banknotes incorporating  Rs. symbol on the obverse and reverse, with inset letter 'R' in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2013' printed on the reverse of the Banknote.

The design of these notes to be issued now is similar in all respects to the Rs. 500 Banknotes in Mahatma Gandhi Series-2005 issued earlier.

All the Banknotes in the denomination of Rs. 500 issued by the Bank in the past will continue to be legal tender.

Ajit Prasad

Assistant General Manager