The Reserve Bank of India will shortly issue
Rs.500 denomination banknotes with inset letter `L' in both numbering panels
in Mahatma Gandhi Series-2005 with additional/new security features bearing
the signature of Dr. Y.V. Reddy, Governor. Except for the change in the inset
letter, the design of these notes to be issued now is similar in all respects
to the banknotes issued earlier in Mahatma Gandhi Series with additional/new
security features issued on October 21, 2005. All banknotes in the denomination
of Rs.500 issued by the Bank after 1987 will continue to be legal tender.
P.V.Sadanandan
Manager
Press Release : 2005-2006/1270
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