Mumbai: The Reserve Bank of India will shortly issue banknotes of Rs 500 and Rs 100 denominations in the Mahatma Gandhi series with ‘2014’ as the printing year. ‘Rs 500 denomination banknotes incorporating rupee symbol on the obverse and reverse, with inset letter’E’ in both the numbering panels, in the Mahatma Gandhi Series-2005, will be soon issued,’ stated RBI .
Besides this, Rs 100 denomination banknotes will also be issued in the same series. Currencies of both the denominations will bear the signature of RBI Governor Raghuram.G. Rajan. But all the banknotes in the denomination of Rs 500 and Rs 100 issued by the RBI in the past will still continue to be a legal tender.
RBI has been introducing banknotes in the Mahatma Gandhi Series since 1996. It has so far issued notes in the denominations of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 in this series.