NEW DELHI:
RBI to issue New 500 and 2000 Rupee Notes From Thursday.
Prime Minister Narendra Modi announced in an address to the nation that Rs. 500 and Rs. 1,000 denomination notes are being withdrawn.
The new series of Rs. 500 notes will be called the Mahatama Gandhi series of bank notes and they also carry a picture of Delhi’s Red Fort. The 2000 rupee note that is being introduced carries an image of the Mangalyaan to celebrate India’s Mars mission.
Control rooms are being set up at the Reserve Bank and the Department of Economic affairs in the finance ministry to help in the transition.
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