The Reserve Bank of India, RBI will soon issue 500 rupees denomination bank-notes incorporating new rupee symbol without inset letter.

According to the RBI release, the new notes will bear the signature of RBI Governor D Subbaro and the year of printing 2011 printed on the back of the bank note.

The design of these notes to be issued now is similar in all respects to the bank-notes of 500 denomination in Mahatma Gandhi Series-2005 issued earlier, except for the new symbol.

All the bank-notes in the denomination of 500 rupee issued by the Bank in the past will continue to be legal tender.