The Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will continue to be legal tender.

Yogesh Dayal
Chief General Manager

Press Release: 2018-2019/2514