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The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series.
Microlettering: Micro-letters are used to print RBI on ₹10 notes, and the value of the denomination on other notes. Intaglio print: An intaglio (raised) shape is present on all denominations other than the ₹10 note to help the visually impaired. ₹ 20-Vertical rectangle ₹ 50-Square ₹ 100-Triangle ₹ 500-Circle ₹ 1,000-Diamond
The second ordinance, the High Denomination Bank Notes (Demonetisation) Ordinance, 1946, demonetised bank notes of denominations ₹500 and above. While the exchanging of notes was initially allowed only until 9th February, 1946, it was extended multiple times. [2]: 5 By the end of 1947, out of a total of Rs. 143.97 crore of high denomination ...
The first banknotes issued in the New Series were the denominations of ₹ 500 and ₹ 2000, and are in circulation since 10 November 2016. While the ₹ 500 note is still being printed, the ₹ 2000 note was last issued date 2017. [1] [2] [3] The RBI announced on 18 August 2017 that it would soon issue a new ₹ 50 note. [4]
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
In 1987, the ₹ 500 note was introduced, followed by the ₹ 1,000 note in 2000 while ₹ 1 and ₹ 2 notes were discontinued in 1995. 10-rupee banknote from the 1990s. The design of banknotes is approved by the central government, on the recommendation of the central board of the Reserve Bank of India. [5]
Once upon a time, though, $500, $1,000, $5,000, $10,000 and $100,000 bills were in circulation. After the last printing of those denominations in 1945, the Treasury Department and the Federal ...
Indian 1-rupee note; Indian 2-rupee note; Indian 5-rupee note; Indian 10-rupee note; Indian 20-rupee note; Indian 50-rupee note; Indian 100-rupee note; Indian 200-rupee note; Indian 500-rupee note; Indian 1000-rupee note; Indian 2000-rupee note