इंडियन आवाज़     04 Mar 2024 09:13:14      انڈین آواز

RBI launches new Rs 500 notes


500-notesThe Reserve Bank of India, RBI today introduced the new series of 500 rupees denomination notes in New Delhi for the convenience of the people. Ministry of Finance in tweet said, the new series of 500 notes was launched at SBI Parliament Street Branch.

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.

Meanwhile, the Finance Ministry also reviewed the position regarding availability and distribution of all denomination of bank notes.

The Ministry said, Banks have been advised to arrange for separate queues for Senior citizens and Divyang persons for their convenience.

It has also asked the State Chief Secretaries to identify the rural pockets where availability of cash is a problem and provide all support to the Banks and Post Offices to ensure the last mile distribution is done through mobile banking vans and Banking Correspondents.

In view of the reports that certain business houses are not accepting Cheques, Demand Drafts and online payment transfer from customers, the Ministry said, in such cases customer can make a complaint to concerned District Magistrate and District Administration for action against such establishments

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