500 new note

You're referring to the new 500-rupee note introduced by the Reserve Bank of India (RBI) in 2016.

The new 500-rupee note was introduced as part of a demonetization drive aimed at combating black money, corruption, and terrorism. The old 500-rupee note was withdrawn from circulation and replaced with a new design and security features.

Here are some key features of the new 500-rupee note:

  1. New design: The new note features a new design with a motif of Mahatma Gandhi, the Indian independence activist.
  2. Security features: The note has several advanced security features, including:
    • Watermark: A transparent image of Mahatma Gandhi's portrait is printed on the note.
    • Security thread: A 3 mm wide security thread is embedded in the paper, which glows yellow when held under UV light.
    • Raised print: The RBI logo, the Ashoka Pillar, and the numerals "500" are raised to give a tactile impression.
    • Color-shifting ink: The numeral "500" and the RBI logo change color when the note is tilted.
  3. Size and material: The new note is slightly smaller than the old one, measuring 66 mm x 140 mm. It is made of a special polymer material that is more durable and resistant to wear and tear.
  4. Color scheme: The note has a predominantly blue color scheme with a hint of orange and green.

The new 500-rupee note was introduced to reduce the use of high-denomination notes, which were often used for illegal activities such as money laundering and terrorist financing. The move was aimed at promoting a cashless economy and encouraging the use of digital payments.