The Reserve Bank of India (RBI) on Tuesday, June 13, said that it would be issuing a new series of Rs 500 note.
"In continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter 'A' in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the year of printing '2017' on the reverse, are being issued," the bank said in a statement.
"The design of these notes is similar in all respects to the ₹ 500 banknotes in Mahatma Gandhi (New) Series which were first notified through the press released dated November 8, 2016," the bank added.
