The Reserve Bank of India will shortly issue `500 denomination Banknotes with Rupee Symbol (`) on the obverse and the reverse, inset letter 'E' in both the numbering panels, bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing 2012 printed on the reverse of the Banknote, in the Mahatma Gandhi Series-2005.

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.

J. D. Desai
Assistant Manager

Press Release : 2012-2013/776