September 23, 2015 4:35 PM

printer

RBI to put into circulation Rs 500 & 1000 notes with revised features

In its continuing effort to curb the menace of fake notes, RBI has said that it will shortly put into circulation banknotes in the denominations of 500 rupees and 1000 rupees incorporating three new/revised features. These revised features will be ascending size of numerals in the number panels, introduction of bleed lines, and enlarged identification mark.Reserve Bank had recently put into circulation 500 rupees banknotes with numerals in ascending size in number panels but without bleed lines and enlarged identification mark. A press release issued by RBI has informed that these additional features will help the visually impaired in easy identification of banknotes apart from securing them against counterfeiting. The notes will bear signature of RBI governor Raghuram Rajan and the year of printing will appear on the reverse. RBI has clarified that all banknotes issued hitherto or until now in these denominations will continue to remain legal tender.RBI has informed that banknotes of 500 rupees denomination will have five angular bleed lines in three sets while 1000 rupees banknotes will have six angular bleed lines in four sets. The apex bank has also enlarged the existing identification mark, that is circular shape in 500 rupees and diamond in 1000 rupees that is present near the left edge of the banknotes.

Most Read
View All arrow-right

No posts found.