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Last Updated Wednesday December 09 2020 02:23 AM IST

New Rs 500 notes with printing error: RBI says it's valid

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New Rs 500 notes with printing error: RBI says it's valid A new Rs 500 rupee note with faulty printing (above) and a correct one. Photo: IANS

New Delhi: They were meant to replace the demonetized currency, but some new 500-rupee notes are causing a bit of confusion because of printing errors.

Apparently, in a rush to go to print, an unspecified number - no one knows exactly how many - of notes of Rs 500 denomination have visible errors.

They have caused doubts in the minds of the people whether these currency notes are genuine or fakes.

The most striking is the way the guarantee declaration has shifted to almost superimpose on the security thread in some notes (see photo), while in others there is a visible shadow of Mahatma Gandhi's face. The position of the Ashoka Pillar lion is also in wrong place while some of the numbers on the note jut out.

However, the RBI has said these are valid and can be used. If people find it difficult to transact in these notes, they have been advised to exchange them.

The government had on November 8 announced the demonetization of Rs 500 and Rs 1,000 currency notes with the aim of curbing black money and corruption.

(With inputs from agencies) 

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