- By Shibra Siddiqui
- Sat, 05 Apr 2025 02:27 PM (IST)
- Source:JND
The Reserve Bank of India (RBI) on Friday said that it will soon issue the new notes in Rs 10 and Rs 500 denominations. The Mahatma Gandhi (new) series of banknotes will bear the signature of the RBI Governor, Sanjay Malhotra. The design of these notes is similar in all respects to Rs 10 and Rs 500 banknotes in the Mahatma Gandhi (New) Series, the central bank said in a statement.
All the existing bank notes in denominations of Rs 10 and Rs 500 issued by the Reserve Bank of India in Past will continue to be legal tenders.
Last month, the RBI announced to issuance of banknotes of Rs 100 and Rs 200 denominations, bearing the signature of Governor Malhotra.
Malhotra took over as the RBI Governor in December 2024, replacing Shaktikanta Das, who demitted office after completion of his extended term.
According to the RBI website, The new ₹500 notes in the Mahatma Gandhi (New) Series are different from the present series in colour, size, theme, location of security features and design elements. The size of the new note is 66mm x 150mm. The colour of the notes is stone grey and the predominant new theme is Indian heritage site - Red Fort.