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RBI admits anomalies in new Rs 500 notes, says both notes valid, nothing to worry

Reserve Bank Of India On Thursday Admitted That There Were Anomalies In The New Rs 500 Notes Issued Under The Mahatma Gandhi Series Post November 8. However, Both Normal And Anomaly Version Are Valid For Use, The RBI Has Said.

News Nation Bureau | Edited By : Arshi Aggarwal | Updated on: 25 Nov 2016, 12:20:02 PM

New Delhi:

Reserve Bank of India on Thursday admitted that there were anomalies in the new Rs 500 notes issued under the Mahatma Gandhi series post November 8. However, both normal and anomaly version are valid for use, the RBI has said. 

The submission from the central bank came after two variants of the new Rs 500 note surfaced and went viral on social media.

Error pointed out on November 21 by a Twitter user tweeted Aabshar who goes by the handle @Scepticindian went viral, eliciting a response.

RBI spokesperson has told media that the printing defect was due to the rush in the wake of demonetisation, and that there is nothing to panic.

RBI spokesperson said, "It's not a variant. Such a printing deficiency can happen once in a million. It is a valid legal tender and can be freely used in transactions. But if someone does not want to use it and return it to RBI, that too can be done and we will give them full value."

Also read: 

Unaccounted deposits post Nov 8 may face 60% tax: Sources

High value currency recall could cost India whooping Rs 1.28 lakh crore, says CMIE

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First Published : 25 Nov 2016, 11:12:00 AM