Business
Reserve Bank of India issues fresh currency notes of Rs 500
Mumbai: The Reserve Bank of India has issued a new batch of Rs 500 denomination notes, an official said here on Tuesday.
“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 Urjit R. Patel, Governor, Reserve Bank of India; with the year of printing ‘2017’ on the reverse, are being issued,” an official statement said.
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.
The new version will have few different aspects. The one noticeable aspect of the new currency notes is the inclusion of an inset letter “A”.
Besides this, in the new notes the signature of the RBI Governor will be on the reverse side.
The central bank had demonetised old Rs 500 and Rs 1000 notes on November 8 last year. After that RBI introduced new Rs 500 and 2000 currency notes.
Last week, RBI had said that nearly 83 per cent of the currency has been demonetized and denied there was any shortage of cash in the system.
The data on the amount of demonetised notes returned, however, is still not available.
Business
Apple is giving a huge discount on its gadgets: Details inside
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