New Delhi: The Reserve Bank of India (RBI) yesterday announced  that it has issued Rs. 500 denomination notes with inset letter A. However, the old notes, which were introduced after PM Narendra Modi’s demonetisation drive in Nov. 2016 will continue to remain legal tender.

The Central Bank, in a statement, said that this was in continuation of the issue of Rs. 500 denomination banknotes in Mahatma Gandhi (new) series, which were notified on Nov. 8, 2016. From time to time, the bank introduces new series of legal tender.

“In continuation of issuing of Rs. 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of Urjit R. Patel, Governor, Reserve Bank of India; with the year of printing ‘2017’ on the reverse, are being issued,” an official statement said.