Prime Minister Narendra Modi, in a sudden address to the nation, announced that Rs 500 and Rs 1,000 notes are being withdrawn from midnight. This actions was part of a crackdown on rampant corruption.
The Reserve Bank of India will shortly issue ₹ 2000 denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. The new denomination has Motif of Mangalayan on the reverse, depicting the country’s first venture into the interplanetary space. The base colour of the note is magenta. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
The salient features of the banknotes will be as under:
Obverse (Front)
1. See through register with denominational numeral 2000
2. Latent image with denominational numeral 2000
3. Denominational numeral २००० in Devnagari
4. Portrait of Mahatma Gandhi at the centre
5. Micro letters ‘RBI’ and ‘2000’ on the left side of the banknote
6. Windowed security thread with inscriptions ‘भारत’, RBI and 2000 on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted
7. Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right
8. Denominational numeral with Rupee Symbol, ₹2000 in colour changing ink (green to blue) on bottom right
9. Ashoka Pillar emblem on the right Mahatma Gandhi portrait and electrotype (2000) watermarks
10. Number panel with numerals growing from small to big on the top left side and bottom right side For visually impaired Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines and identity mark
11. Horizontal rectangle with ₹2000 in raised print on the right
12. Seven angular bleed lines on left and right side in raised print
Reverse (Back)
13. Year of printing of the note on the left
14. Swachh Bharat logo with slogan
15. Language panel towards the centre
16. Motif of Mangalayan
17. Denominational numeral २००० in Devnagari
Dimension of the banknote will be
66 mm × 166 mm
The Reserve Bank of India will shortly issue ₹ 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘E’ in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India, the year of printing '2016’ and Swachh Bharat Logo printed on the reverse of the Banknote.
The new ₹ 500 banknotes are different from the earlier specified bank note (SBN) series in colour, size, theme, location of security features and design elements; the principal features are –
- The size is 66mm x150mm
- The colour is stone grey
- Red Fort-an image of Indian heritage site with Indian flag on the reverse
- The banknote also has features (intaglio printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines, circle with ₹ 500 in the right, and the identification mark) which enable the visually impaired person to identify the denomination.
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