By The Sampadak Express
The Reserve Bank of India (RBI) announced on Friday that it will soon release ₹10 and ₹500 denomination banknotes in the Mahatma Gandhi (New) Series. These new notes will feature the signature of RBI Governor Sanjay Malhotra, marking an important update in the country’s currency notes.
According to the RBI, the design of these new ₹10 and ₹500 banknotes will be identical to the existing ones in the Mahatma Gandhi (New) Series. This means that the security features, as well as the design elements, will be the same as the earlier issued notes of the same denominations.
In its statement, the central bank also clarified that the newly issued ₹10 and ₹500 notes will be issued in addition to the existing ₹500 and ₹10 notes already in circulation. The RBI reassured the public that all ₹500 and ₹10 notes previously issued under the Mahatma Gandhi (New) Series will continue to be legal tender and remain valid for all transactions.
This announcement follows the RBI’s previous move last month, where it revealed plans to issue new ₹100 and ₹200 denomination notes bearing the signature of Governor Malhotra. The new ₹100 and ₹200 notes are also part of the Mahatma Gandhi (New) Series, and like the new ₹10 and ₹500 notes, they too carry the signature of the newly appointed RBI governor.
Sanjay Malhotra, who assumed office as the 25th Governor of the Reserve Bank of India in December 2024, replaced Shaktikanta Das, whose term had come to an end. Malhotra, who is 57 years old, took over the position after Das completed his extended tenure.
Governor Malhotra’s signature on the new banknotes symbolizes his official appointment to the top post at the RBI. The release of these new notes is expected to ensure a smooth transition in currency management under the leadership of the new governor.
The RBI’s clarification about the continuity of previously issued ₹10 and ₹500 notes also aims to prevent any confusion among the public, assuring them that the notes in circulation are still valid and there is no need for them to exchange old currency.
This move aligns with the RBI’s efforts to modernize currency notes and incorporate new security features to combat counterfeiting while maintaining the trust of the public in the nation’s currency system.
