Hyderabad, January 7: Reserve Bank will shortly issue Rs 500 notes with rupee symbol bearing signature of governor RBI Dr. D Subba Rao. The Rs 500 notes will be of the Mahatma Gandhi-2005 Series without inset letter.
Year of printing i.e. 2011 will be mentioned on the back of the banknote. Except for the rupee symbol the design of the notes will be similar in all respects to the existing Rs 500 in Mahatma Gandhi Series-2005 issued earlier.
However, all the banknotes in the denomination of Rs 500 issued by the RBI in the past will continue to be legal tender.
Siasat news