December 2016 Current Affairs

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First set of new 500 banknotes rolled out in SBI branches

First set of new 500 banknotes rolled out in SBI branches
15 November 2016 Current Affairs: The State Bank of India (SBI) launched the first set of newly issued 500 rupee notes in their Bhopal branch on 13 November 2016.

The new notes are expected to help control the havoc caused by demonitisation of high-denomination currency and ease pressure on banks’ cash position.

For SBI, which was only handing out 100 rupee notes until now, the introduction of new 500s will definitely help fasten their work process.

Elements of the New 500 Rupee Note : Stone grey in colour, the 63mm x 150mm note has Mahatma Gandhi’s image on one side and Red Fort on the other.

 It bears a guarantee clause and the signature of Reserve Bank of India Governor, Urjit Patel.

 It has Swachh Bharat logo printed on the reverse.

 Its security thread will change from green to blue when tilted.

It has Ashoka pillar emblem on the right.

It also has the numeral value of 500 written in Devnagari script.

For the visually impaired, it has 500 written in Braille in a circle on the right and bleed lines on both sides in raised print.

While Bhopal was the first city to get a peek at the new 500s, SBI banks in Delhi and Mumbai are also expected to start giving out the notes soon. In fact, some ATMs of the bank have already been recalibrated to support the new currency. 

 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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