New Rs 500 note introduced, old notes will stay valid


RBIThe Reserve Bank of India has introduced a new batch of Rs 500 notes with the inset letter ‘A.” The older notes would stay valid, the RBI has confirmed. The design of the new Rs 500 note is similar in all respects to the Rs 500 banknotes in the Mahatma Gandhi (new) series. The RBI has made it clear that those Rs 500 notes introduced after demonetisation will remain valid.

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