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Tuesday, 13 June 2017

RBI Issues New Rs500 banknotes with inset letter ‘A’


In continuation of issuing of Rs500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the year of printing '2017’ on the reverse, are being issued.

The new series earlier released and currently, in circulation has the inset letter "E". They will continue to be valid. The design of these notes is similar in all respects to the Rs500 banknotes.

Banking Takeaways from above News-
  • Shri B.P. Kanungo is the newly appointed Deputy Governor of RBI
  • The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
  • RBI was nationalized in 1949.
Source- The Reserve Bank of India (RBI)

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