The Reserve Bank of India will shortly issue ` 500 denomination Banknotes incorporating "`" symbol on the obverse and reverse, with inset letter 'R' in both the numbering panels, in the Mahatma Gandhi Series-2005bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2013' printed on the reverse of the Banknote.

The design of these notes to be issued now is similar in all respects to the ` 500 Banknotes in Mahatma Gandhi Series-2005 issued earlier.

All the Banknotes in the denomination of ` 500 issued by the Bank in the past will continue to be legal tender.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/1318