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New Rs 1000 notes in few months, all denomination of notes to be reintroduced with new design: EAS | Latest News & Updates at DNAIndia.com


The Reserve Bank of India (RBI) will launch its new Rs. 500 and Rs. 2,000 currency notes from today ie Thursday. The RBI had stated on Wednesday that the banks will remain open for public even on the weekend i.e. November 12 and 13 to deal with rush of people wanting to deposit the defunct currency bills. Banks and ATMs were shut on Wednesday to remove old Rs. 500/1000 notes and stock them with lower denomination and new hard-to- fake Rs. 500 and Rs 2,000 currency notes.

On Thursday, Economic Affairs Secretary, Shaktikanta Das announced that a new Rs 1000 will be released in the coming months. “In a few months, new color combination and new design 1000 Rupee notes will be released,” he said.

#WATCH In the next few months Rs 1000 notes will also be brought in with a new dimension design: Shaktikanta Das, Economic Affairs Secy pic.twitter.com/5lcgh2QR36

– ANI (@ANI_news) November 10, 2016

The EAS said that all denomination of notes will be reintroduced with new design and new features. “From time to time, new series of notes with new features and designs will be infused in the market,” Das said. He also clarified that status of existing Rs 100, Rs 50 and other denomination notes will continue to be legal tender.”

#WATCH ALL denominations of currency notes will be reintroduced with new design and features says Economic Affairs Secretary pic.twitter.com/Gf5A0etrVv

– ANI (@ANI_news) November 10, 2016

The new Rs 500 note

The new Rs 500 banknotes have extra security features besides having peculiar colour, theme and size which differentiate the new bills from the earlier series, reports PTI. The Rs 500 banknotes will be stone grey in colour with a predominant new theme of the Indian heritage site Red Fort.

RBI issues 500 notes in new series pic.twitter.com/6L1XziSO3W

– ReserveBankOfIndia (@RBI) November 9, 2016

The new Rs 2000 note

The Rs 2,000 notes, which are being introduced for the first time, will be of magenta colour with Mangalayan imprinted on the reverse side. The higher value currency notes will have other designs, geometric patterns aligning with the overall colour scheme both on the obverse and reverse. “The new denomination has motif of the Mangalayan on the reverse, depicting the country’s first venture in interplanetary space,” the Finance Ministry said in a statement.

RBI issues 2000 note in new series pic.twitter.com/jp3yof9VYo

– ReserveBankOfIndia (@RBI) November 9, 2016

With agency inputs

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