The Reserve Bank of India will shortly issue Rs. 500 denomination Banknotes incorporating Rs. symbol on the obverse and reverse, without inset letter in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2013' printed on the reverse of the Banknote.

The design of these notes to be issued now is similar in all respects to the Rs. 500 Banknotes in Mahatma Gandhi Series- 2005 issued earlier.

All the Banknotes in the denomination of Rs. 500 issued by the Bank in the past will continue to be legal tender.

Ajit Prasad

Assistant General Manager

Banknote issuance introducing the rupee symbol on new notes without inset letter, while earlier notes remain legal tender. Issuance of five hundred rupee banknotes incorporating the rupee symbol on obverse and reverse without an inset letter in the numbering panels; notes bear the Governor's signature and year of printing and retain the Mahatma Gandhi Series 2005 design, while previously issued banknotes of the same denomination remain legal tender.