Rs 500 New Note: Reserve Bank is going to issue new notes of Rs 500 soon. Earlier, RBI had issued small size notes of Rs 500 but now once again there is going to be a big change in its color and size.
The Reserve Bank is once again going to issue new notes of Rs 500. Along with this, the RBI will also issue Rs 10 notes. There are chances of major changes in both these notes. According to the statement issued by the Central Bank, the new notes will be issued with some changes and this will not have any impact on the currently circulating Rs 10 and Rs 500 currency.
The Reserve Bank of India (RBI) on Friday said it will soon issue Rs 10 and Rs 500 notes under the Mahatma Gandhi (New) series, which will bear the signature of new Governor Sanjay Malhotra. The design of these notes is similar to the existing Rs 10 and Rs 500 banknotes in the Mahatma Gandhi (New) series, the central bank said in a statement. This means that there will be no significant changes in the new notes.
What will happen to old notes?
The RBI has clearly stated that despite the issuance of new notes, all the Rs 10 and Rs 500 banknotes previously issued by the Reserve Bank will remain legal tender. This means that both types of existing currencies will continue to circulate in the market as they are doing now. Malhotra took over as RBI Governor in December 2024. He replaces Shaktikanta Das, who was the Governor for 6 years.
New notes of Rs 100 and Rs 200 will also come.
Last month, RBI had announced the issuance of new notes of Rs 100 and Rs 200. This means that soon you may see many new notes in the market. As per the announcement made so far, the Reserve Bank will issue new notes of Rs 10, Rs 100, Rs 200 and Rs 500. The signature of the new Governor Malhotra will be seen on all these notes.
Then there will be a change in color and size.
Earlier, after demonetization, RBI had issued new notes of Rs 500, whose color and size had changed significantly. Now once again the Reserve Bank is going to issue new notes of Rs 500. There will be major changes in the color, size, theme, security features and design of these notes. The current Rs 500 notes are stone gray in color, but its new color can be issued. The size of the new Rs 500 notes will be 66 x 150 mm.
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