RBI will soon introduce new notes of Rs 10 and Rs 500. These notes will have changes in color, size and design. The old notes will remain valid.
If you have old Rs 10 notes, then this news is important for you. RBI has taken an important decision regarding old notes and it will have a direct impact on you. The Reserve Bank of India (RBI) will soon introduce new Rs 10 and Rs 500 notes in the market. Along with this, there will be major changes in the color, size and design of these notes. Earlier, after demonetization, RBI had issued a small size note of Rs 500. Now, these notes are going to be changed once again.
Notes bearing the signature of new Governor Sanjay Malhotra
The RBI has clarified that these new notes will be under the Mahatma Gandhi (New) series and will bear the signature of the new Governor Sanjay Malhotra. In terms of design, these new notes will be similar to the existing Rs 10 and Rs 500 notes. That is, except for some minor changes, the basic concept will remain the same.
What will happen to the old notes?
Although new notes are coming, the currently circulating Rs 10 and Rs 500 notes will not be discontinued. The RBI has clearly stated that the previously issued notes will also remain valid and will continue to be in circulation. Last month, the RBI had announced the introduction of new Rs 100 and Rs 200 notes. Now, Rs 10 and Rs 500 notes have also been included in it. So, soon you will see new notes in the market and they will be signed by Sanjay Malhotra.
There will be a big change in color, size and design.
The current Rs 500 notes are stone grey in colour. However, the new notes will see radical changes in colour, size, theme, security features and their location. The size of the new Rs 500 note will be 66 x 150 mm, which will be different from the current notes. This new form of note is just a currency reform, it does not cancel the old notes. Therefore, the RBI has said that there is no reason for citizens to panic.
