The Reserve Bank of India (RBI) declared on Tuesday that it has issued Rs 500 section notes with inset letter A. Be that as it may, the old notes, which were presented after Prime Narendra Modi’s demonetisation drive in November 2016 will keep on remaining the legitimate tender.
Reserve Bank of India Issues New Rs 500 Notes, Old Currency Remains Valid
“In continuation of issuing of Rs 500 group notes in Mahatma Gandhi (new) series now and again which are as of now legitimate tender, another cluster of banknotes with inset letter “An” in both the number boards, bearing the mark of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the time of printing “2017” on the switch, are being issued,” RBI said in an announcement.
The new notes is very similar to to the Rs 500 notes in Mahatma Gandhi Series which were first banned on November 8, a year ago after Prime Minister Narendra Modi banned old high esteem notes of Rs 500 and Rs 1000, in an offered to crackdown on black money. The new arrangement prior released and right now available for use has the inset letter “E”. They will keep on being substantial.
This comes after RBI Deputy Governor N S Vishwanathan said in March that the national bank did not have any arrangement to present new division monetary standards as it needed to support cashless exchanges in the nation, as indicated by IANS. A week ago, RBI had said that almost 83 percent of the money has been demonetised and denied there was any lack of trade out the system.
Furthermore, the national bank said that the notes will bear Swachh Bharat logo on the back of the banknote and that a portion of the notes would convey an extra character in the space between the prefix and the quantity of the banknote.