December 9, 2016
Latest News Update

RBI introduces new currency features in Rs 500 Rs1000 notes

RBI introduces new currency features in Rs 500 Rs 1000 notes

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RBI New Currency 2016 Pictures Images and Details

The Reserve Bank of India (RBI) said it will shortly put into circulation banknotes in the denominations of Rs 500 and Rs 1,000 incorporating three new/revised features.

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The Bank note of Rs 500, Rs 1,000 will have a special feature which includes ascending size of numerals in the number panels, bleed lines and enlarged identification mark.
Reserve Bank of India (RBI) on Wednesday extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs. 500 and Rs. 1,000, by another six months to June 30, 2016.

The features will include ascending size of numerals in the number panels, bleed lines and enlarged identification mark, it said.
The RBI had recently put into circulation R500 banknotes with numerals in ascending size in number panels, but without bleed lines and enlarged identification mark. It has now added two more features to aid the visually impaired in easy identification of banknotes, apart from securing them against counterfeiting.
“The current banknotes will be without inset letter in the number panels. The notes will bear signature of Raghuram G Rajan, Governor. The year of printing (2015) appears on the reverse. Except for these features, the overall design of Rs 500 and Rs 1,000 banknotes have been retained,” the central bank said.

How Much Time To Replace Old Indian Note by New India Currency 2016

According to PM Narendra Modi Every Indian Have have 50 days time  (From 10 Nov to 30 Dec) to deposit notes of Rs 500 and Rs 1000 in any Bank or Post office and Get New Notes.

Rs 1000 and 500 New Currency Notes In India By RBI

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he apex bank said the numerals in both the numbering panels of banknotes will be in ascending size from left to right, while the first three alpha-numeric characters will remain constant in size.
The banknotes of Rs 500 denomination will have five angular bleed lines in three sets of 2-1-2 lines on the obverse in both, the upper left and the right hand edge of the banknote.

Similarly, Rs 1,000 banknotes will have six angular bleed lines in four sets of 1-2-2-1 lines on the obverse in both, the upper left and right hand edge of the banknotes. These will facilitate identification of these notes by visually impaired persons, RBI said in the press release.
The existing identification mark (circular-shape in Rs 500 and diamond in Rs 1,000) near the left edge of the banknote has been enlarged.

Please click on the notes to view the bigger version and details.

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160 Million Rs. 1 Currency Notes Issued in 2 Years

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160 Million Rs 1 Currency Notes Issued in 2 Years The Finance Ministry issued as many as 160 million currency notes of one rupee denomination in the last two years, nearly two decades after they were taken off print, response to queries made under the RTI Act showed.

Newly Designed Rupee Notes Likely To Be Circulated Soon

Newly Designed Rupee Notes Likely To Be Circulated Soon Newly-designed currency notes are likely to circulate in the country soon with the Reserve Bank of India board on Thursday recommending a new set of designs for the banknotes.

The Reserve Bank has the sole authority to issue banknotes in India. Reserve Bank, like other central banks the world over, changes the design of banknotes from time to time.

The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 in this series.

Popular Topic On Rkalert

RBI New Indian Currency Notes Of Rs 100 or 500 and... New Currency Note In India By RBI PM Narendra Modi declares the status for 500 and 1000 notes...


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