The Reserve Bank of India has issued a new batch of Rs 500 denomination notes.
The new batch of banknotes has inset letter “A” in both the number panels. It also bears signature of the central bank’s governor Urjit R. Patel, with the year of printing ‘2017’ on the reverse.
The design of these notes is similar in all respects to the Rs 500 banknotes in Mahatma Gandhi (New) Series which were notified on November 8, 2016 after demonetization. The series earlier released and currently in circulation has the inset letter “E”. The RBI has confirmed that the older notes would stay valid.