Can I still use 500 rupee notes?

Can I still use 500 rupee notes?

The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks.

What is the largest currency in India?

Highest currency note ever printed by RBI is ₹10,000. The highest denomination currency note ever printed by the Reserve Bank of India is a ₹10,000 note during the British Raj in 1938. While the note was demonetised in 1946, a new version of the note was introduced in 1954.

Can I still exchange old Indian 500 notes in 2021?

Exchanging old notes You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.

Can NRI still exchange old notes?

They can be exchanged even now, but for a hefty premium. Non-Resident Indians (NRIs), who were allowed to exchange old notes till June 30 this year, are being offered a handsome commission for exchanging these notes.

Can I still exchange old 500 notes in 2021 Quora?

Yes, Rahul you can change Rs. 500. You can deposit the note in RBI bank and give them a valid reason through a letter regarding your delay.

Is there a 500 rupee note in India?

Indian 500-rupee note. The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series.

How is the new Rs 500 note different from present 500 note?

The new Rs 500 currency note is different from the present 500 rupees note in terms of colour, size, location of security features and design elements. The size of the new note is 63mm x 150mm and it features Red Fort.

What is the design of the Mahatma Gandhi 500 note?

Mahatma Gandhi New Series. Design. The ₹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 a signature of the governor of Reserve Bank of India.

How many languages are there in the ₹500 note?

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. As like the other Indian rupee banknotes, the ₹ 500 banknote has its amount written in 17 languages.