How
to check new Rs. 500 note when you are in India
New Delhi, Nov. 15, 2006
- The RBI released a new series of Rs 500 notes. The
colour of new notes will be mild yellow, mauve and
brown. This would help distinguish a Rs 500 note from
a Rs 100 note.
- In the new note, the numeral 500 is printed in
colour- changing ink on the front side. When the note
is held flat, 500 looks green and on holding the note
at an angle, 500 looks blue.
- The RBI has asked the public to exchange the old
design green notes having Ashok Pillar in the watermark
window, which is clearly visible when the note is
held against light, for the new design yellow note
at any office of RBI. These old designed notes can
also be exchanged for notes for any other denomination
at any public sector bank branch or the RBI office.
- The RBI has clarified that all the series of Rs
500 notes, 1987,1997 as well as new notes issued now
were legal tender and the banks were bound to accept
them.
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