RBI to issue ₹10, ₹500 notes in new series bearing Gov. Malhotra’s signature

The Reserve Bank of India said it will issue ₹10 and ₹500 denomination banknotes in Mahatma Gandhi (New) Series bearing the signature of the new RBI Governor Sanjay Malhotra.

The design of these notes is similar in all respects to ₹10 and ₹500 banknotes in Mahatma Gandhi (New) Series, it said.

All banknotes in the denominatio nof ₹10 issued by the Reserve Bank in the past will continue to be legal tender. All banknotes in the denomination of ₹500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will also continue to be legal tender, it added