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Business News » India News

New Rs 500, Rs 2000 notes: Here are the new features

Patel said that RBI was concerned about growing menace of fake Indian currency notes which has been increasing in numbers.

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New Rs 500, Rs 2000 notes: Here are the new features
New Rs 2000 Note will be issued after Prime Minister Narendra Modi announced demonetisation of Rs 1000 and Rs 500 notes with effect from midnight. Photo: IANS

Reserve Bank of India (RBI) governor Urjit Patel and Economic Affairs Secretary Shaktikanta Das, while releasing the new Rs 500 and Rs 2,000 notes, said that RBI has stepped up printing of these currencies.

"There will be no impact on the liquidity on the wholesale markets. If at all there is any, we'll make sure that its addressed," Patel said, adding, "There has been no breach of any of the security features but for public the looks of fake Indian currency note is similar to genuine."

Here are some of the features of the new Rs 500 and Rs 2,000 notes issued by RBI:

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TAGS:
RBIUrjit PatelShaktikanta DasRs 500 notesRs 1000 notesRs 2000 notesnew notesEconomy
Written By: ZeeBiz WebTeam
Updated: Wed, Nov 09, 2016
10:44 am
Mumbai , ZeeBiz WebDesk
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