Indian 500-rupee note#New version

{{Infobox banknote

| country = India

| denomination = Five hundred rupees

| value = {{INR}}500 (approx. ${{To USD|500|IND}})

| unit =

| length_mm = 151

| width_mm = 150

| cost_of_printing = 2.57

| height_mm = 66

| security_features =

| paper_type =

| years_of_printing = 10 November 2016 – present

| obverse = India new 500 INR, MG series, 2016, obverse.jpg

| obverse_design = Mahatma Gandhi

| obverse_designer = Reserve Bank of India

| obverse_design_date = {{start date and age|2016|}}

| reverse = India new 500 INR, MG series, 2016, reverse.jpg

| reverse_design = Red Fort

| reverse_designer = Reserve Bank of India

| reverse_design_date = {{start date and age|2016|}}

| color = Stone Grey

}}

The Indian 500-rupee banknote ({{INR}}500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in the year. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016.

History

The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on 8 November 2016.

On 8 November 2016, Indian prime minister Narendra Modi announced the demonetization of the ₹500 banknotes of the Mahatma Gandhi Series as a measure to fight corruption in India and address the issue of counterfeit banknotes.{{Cite news|url=http://indianexpress.com/article/business/economy/narendra-modi-500-100-indian-rupee-notes-demonetised-4364660/|title=Rs 500 and 1000 currency demonitised: PM Modi|date=2016-11-08|newspaper=The Indian Express|access-date=2016-11-08}}{{Cite news|url=http://economictimes.indiatimes.com/news/politics-and-nation/in-an-attempt-to-curb-black-money-pm-narendra-modi-declares-rs-500-1000-notes-to-be-void-from-midnight/articleshow/55315932.cms|title=PM Modi declares Rs 500 and 1000 currency notes to be void from midnight - The Economic Times|newspaper=The Economic Times|access-date=2016-11-08}}{{Cite news|url=http://www.thehindu.com/news/national/rs-500-rs-1000-currency-notes-to-be-out-of-circulation-from-midnight/article9320594.ece|title=Rs. 500, Rs. 1000 currency notes to be out of circulation from midnight|date=2016-11-08|newspaper=The Hindu|language=en-IN|issn=0971-751X|access-date=2016-11-08}}{{Cite news|url=http://www.ndtv.com/india-news/indias-biggest-crackdown-on-corruption-foreign-media-on-pm-modis-move-1623014?stky&browserpush=true|title=India's Biggest Crackdown On Corruption: Foreign Media On PM Modi's Move|newspaper=NDTV.com|access-date=2016-11-08}}{{Cite news|url=http://eisamay.indiatimes.com/nation/rs-500-rs-1000-notes-wont-be-legal-tender-from-tonight-says-pm/articleshow/55316607.cms|title=মোদীর ঘোষণা, মাঝরাত থেকেই নিষিদ্ধ ৫০০ ও ১০০০ টাকার নোট -Eisamay|date=2016-11-08|newspaper=Eisamay|access-date=2016-11-08}}{{Cite news|url=http://www.anandabazar.com/national/rupees-500-and-1000-is-going-to-discontinue-announces-modi-dgtl-1.510271|title=বাতিল ৫০০ ও ১০০০ টাকার নোট, ঘোষণা নরেন্দ্র মোদীর|last=সংস্থা|first=সংবাদ|newspaper=anandabazar.com|access-date=2016-11-08}} On 10 November 2016, the previous banknote was replaced by a new {{INR}}500 banknote of the Mahatma Gandhi New Series of banknotes.{{cite press release |author=Alpana Killawala |url=https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR114610FD822AC70142AEB274AF376755C293.PDF |title=Issue of ₹500 Banknotes (Press Release) |date=8 November 2016 |publisher=Reserve Bank of India |access-date=8 November 2016}}

Mahatma Gandhi Series

File:India 500 INR, MG series, 2014, obverse.jpg

File:India 500 INR, MG series, 2014, reverse.jpg

=Design=

The {{INR}}500 banknote of the Mahatma Gandhi Series is 167 × 73 mm orange-yellow coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of the Reserve Bank of India. It has the Braille feature to assist the visually challenged in identifying the currency. The reverse side features the Gyarah Murti.{{cite web |title=Iconic sculpture in the heart of Delhi |url=https://amritmahotsav.nic.in/district-reopsitory-detail.htm?174 |website=Azadi Ka Amrit Mahotsav |publisher=Ministry of Culture, Government of India |access-date=19 July 2022 |language=English}}

As of 2011, the new {{INR}} sign has been incorporated into banknote of {{INR}}500.{{cite web|title=Issue of ₹500 Banknotes with incorporation of Rupee symbol|url=https://www.rbi.org.in/scripts/BS_ViewCurrencyPressRelease.aspx?Id=25662|publisher=RBI|access-date=26 December 2011}} In January 2014 RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015. Further deadline was extended until 30 June 2016.{{cite web | url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=107510 | title=Withdrawal of Currencies Issued Prior to 2005 | publisher=Press Information Bureau | date=25 July 2014 | access-date=25 July 2014}}

=Security features=

The security features of the {{INR}}500 banknote includes:{{cite web|url=http://www.rbi.org.in/scripts/FAQView.aspx?Id=39#32 |title=Are there any special features in the banknotes of Mahatma Gandhi series- 1996? |work=Your Guide to Money Matters |publisher=Reserve Bank of India |access-date=11 January 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120112123135/http://www.rbi.org.in/scripts/FAQView.aspx?Id=39 |archive-date=12 January 2012 }}

A windowed security thread that reads 'भारत' (Bharat in the Devanagari script) and 'RBI' alternately.
Latent image of the value of the banknote on the vertical band next to the right hand side of Mahatma Gandhi’s portrait.
Watermark of Mahatma Gandhi that is a mirror image of the main portrait.
The number panel of the banknote is printed in embedded fluorescent fibers and optically variable ink.
Since 2005 additional security features like machine-readable security thread, electrotype watermark, and year of print appears on the bank note.

=Discontinuation=

Starting from midnight 8 November 2016 all ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series ceased to be a form of legal tender after a televised address to India by Prime Minister Narendra Modi.{{Citation|last=Spotlight|title=[English]PM Modi's Surgical Strike on Corruption {{!}} 500,1000 Rupee Notes Not Legal Tender Anymore|date=2016-11-08|url=https://www.youtube.com/watch?v=iUpPE8UDEzo|access-date=2016-11-08}}

Mahatma Gandhi New Series

=Design=

The {{INR}}500 banknote of the Mahatma Gandhi New Series is 66mm x 150mm Stone Grey coloured, with the obverse side featuring a portrait of Mahatma Gandhi as well as the Ashoka Pillar Emblem, with the signature of the governor of Reserve Bank of India. It has the Braille feature to assist the visually challenged in identifying the currency. The reverse side features a motif of the Indian heritage site of Red Fort, and the logo and a tag line of Swachh Bharat Abhiyan.

=Security features=

See through register with denominational numeral 500
Latent image with denominational numeral 500
Micro letters ‘RBI’ and ‘500’ on the left side of the banknote
Windowed security thread with inscriptions ‘भारत’, RBI and 500 on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted
Denominational numeral with Rupee Symbol, {{INR}}500 in colour changing ink (green to blue) on bottom right
Ashoka Pillar emblem on the right Mahatma Gandhi portrait and electrotype (500) watermarks
Number panel with numerals growing from small to big on the top left side and bottom right side.
For visually impaired Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, five bleed lines and identity mark
Circle with {{INR}}500 in raised print on the right

Languages

As like the other Indian rupee banknotes, the {{INR}}500 banknote has its amount written in 17 languages. On the obverse, the denomination is written in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India. The languages are displayed in alphabetical order. Languages included on the panel are Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu and Urdu.

Language ! {{INR}}500
class="wikitable" style="text-align:center" \|+ ! colspan="2" \|Denominations in central level official languages (At below either ends)
English	Five hundred rupees
Hindi	{{lang\|hi\|पाँच सौ रुपये}}
colspan="2" \|Denominations in 15 state level/other official languages (As seen on the language panel)
Assamese	{{lang\|as\|পাঁচশ টকা}}
Bengali	{{lang\|bn\|পাঁচশ টাকা}}
Gujarati	{{lang\|gu\|પાંચ સો રૂપિયા}}
Kannada	{{lang\|kn\|ಐದು ನೂರು ರೂಪಾಯಿಗಳು}}
Kashmiri	{{lang\|ks\|پانٛژھ ہَتھ رۄپیہِ}}
Konkani	{{lang\|kok\|पाचशें रुपया}}
Malayalam	{{lang\|ml\|അഞ്ഞൂറു രൂപ}}
Marathi	{{lang\|mr\|पाचशे रुपये}}
Nepali	{{lang\|ne\|पाँच सय रुपियाँ}}
Odia	{{lang\|or\|ପାଞ୍ଚ ଶତ ଟଙ୍କା}}
Punjabi	{{lang\|pa\|ਪੰਜ ਸੌ ਰੁਪਏ}}
Sanskrit	{{lang\|sa\|पञ्चशतं रूप्यकाणि}}
Tamil	{{lang\|ta\|ஐந்நூறு ரூபாய்}}
Telugu	{{lang\|te\|ఐదువందల రూపాయలు}}
Urdu	{{lang\|ur\|پانچ سو روپیے}}