You withdraw INR 5000 from the ATM. You go to a hotel and pay the bill of INR 2000. The hotel manager tells you, one of your 500 Rupee notes is a fake. What….you withdrew the money from an ATM of a reputed bank. How can the 500 rupee note be a fake? Yes…your 500 rupee note is a fake, even though it came out of the ATM. You are not alone. Several of our citizens are victims of these fake 500 rupee notes.
A lot of these fake 500 and 1000 rupee notes, are in circulation in our economy, to the tune of INR 400 Crores. These fake notes bankroll terrorists, who want to hurt our Nation. The Government wants to put an end to this.
The Government has demonetized 500 and 1000 rupee notes. The Government has introduced new 500 and 2000 rupee notes, which will soon be in circulation.
The main theme of the 500 rupee note:
Indian Heritage Site - Red Fort
The RBI will issue the new 500 rupee denomination notes, in Mahatma Gandhi (New) Series. These notes will have the inset letter “E” in both the number panels. These notes will have the signature of the RBI Governor, Dr Urjit Patel. The 500 rupee note will bear the year of printing ‘2016’ and also the ‘Swachh Bharat’ logo. These will be printed on the reverse of the bank note.
The 500 rupee note will also have features such as intaglio printing of Mahatma Gandhi portrait (raised printing of Mahatma Gandhi portrait), Ashoka Pillar emblem, bleed lines, circle with 500 in the right. The 500 note has five bleed lines, on both the left and right side, in raised print.
Yes…it’s time to say bye to those fake 500 and 1000 rupee notes. No longer will shopkeepers, hotel managers and bank clerks, look twice at you and then at the 500 rupee note, you give them. Proudly present your 500 Rupee note and be a strong citizen of the Nation. Be Wise, Get Rich.
Mr C.S.Sudheer is a management graduate. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.