RBI to issue new Rs.500 notes with inset letter in new series

The Reserve Bank of India, RBI will shortly issue 500 rupee banknotes in Mahatma Gandhi New series with the inset letter E having star mark in the number panel.The banknote will bear the signature of RBI Governor Dr Urjit R. Patel, year of printing 2016 and Swachh Bahrat Logo.

In a statement, RBI said, packets containing these notes will have 100



pieces as usual but not in serial order.Star banknotes in 500 rupees denomination are being issued for the first time. It said, all 500 banknotes under Mahatma Gandhi New series issued from 8th of last month onwards will continue to be legal tender.

RBI said, star banknotes in the denomination of 10, 20, 50 and 100 are already in circulation.