First set of new 500 banknotes rolled out in SBI branches

Posted on:15 Nov 2016 12:05:02
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. 

 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs January 2018

22 JANUARY
NEWS
21 JANUARY
NEWS
20 JANUARY
NEWS
19 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS