RBI or the Reserve Bank of India has come up with the new Rs. 500 notes which has an inset letter ‘A’. The design of this note is pretty much similar to the older notes which is there in the Mahatma Gandhi (New) Series. The notes are similar to that of issued on November 8, 2016.
Indian PM MOdi banned the high value notes of Rs 500 and Rs 1000 last year as the government wanted to eliminate blackmoney in the market.
Currently the inset letter is “E” and they will be valid after the new 500 rupees notes arrive in the market.
2017 will be the year of printing on these new notes.