RBI set to issue new series of Rs 500 notes soon

“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,” RBI said in a release on Monday. 

RBI said the release of new batch of Rs 500 notes is in continuation of issuing Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time, which are currently legal tender. With respect to design, these notes will be similar to the existing Rs 500 banknotes in Mahatma Gandhi (new) series.