The new Rs 500 notes: What you need to know about the latest chapter of demonetisation - Firstpost
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The new Rs 500 notes: What you need to know about the latest chapter of demonetisation

#Demonetisation   #Narendra Modi   #Rs 2000   #Rs 500   #SBI   #Swachh Bharat  


The new high-security Rs 500 notes were released to banks for distribution on Sunday and the lenders have been asked to make separate arrangements for the elderly.

Banks have been advised to make separate arrangements for the elderly and women, a senior government official told PTI.

Some branches like SBI main branch in Delhi have started distribution of Rs 500 notes.

Only Rs 2,000 notes, apart from Rs 100 and below, have been available since Prime Minister Narendra Modi on Tuesday night announced the surprise decision to demonetise higher denomination notes.

The new Rs 500 note is expected to ease pressure on banks’ cash position and improve liquidity in the market.

According to the Central Bank statement, the new Rs 500 banknotes bears the signature of Reserve Bank of India Governor Urjit Patel.

The stone grey-coloured note bears the year of printing ‘2016’ and the Swachh Bharat logo printed on the reverse.

The new Rs 500 note is different from the earlier in colour, size, theme, location of security features and design elements.

Here are some key features:

Image courtesy: RBI

Image courtesy: RBI

 

Obverse:

1. See through register in denominational number
2. Latent image of the denominational number
3. Denominational number in Devnagari
4. Orientation and relative position of Mahatma Gandhi portrait changed
5. Windowed security thread changes colour from green to blue when note is tilted
6. Guarantee clause, Government's signature with Promise Clause and RBI emblem shifted towards right
7. Portrait and electrotype watermark
8. Number panel with numerals growing from small to big on the top left side and bottom right side
9. Denomination in numerals with Rupee Symbol in colour changing ink (green to blue) on bottom right
10. Ashoka pillar emblem on the right

For visually impaired:

Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka pillar emblem, bleed lines and identification mark continue

11. Circle with Rs 500 in raised print on the right
12. 5 bleed lines on left and right in raised print

Reverse:

13. Year of printing of the note on left
14. Swachh Bharat logo with slogan
15. Language panel with slogan
16. Language panel towards centre
17. Red Fort — an image of Indian heritage site with Indian flag
18. Denominational numeral in Devnagari on right

With inputs from PTI

First Published On : Nov 14, 2016 08:57 IST

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