New Rs 500 note has two variants, RBI says not to worry

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New Delhi, Nov 25: Ever since Prime Minister Narendra Modi announced that old Rs 500 and 1,000 notes will no longer be legal tender, people rushed to the banks and ATMs to exchange/ deposit or withdraw money.

Not only did this result in severe cash crunch in several places but rumours of counterfeit currency were also making rounds. However, the severe cash crunch resulted in the RBI pumping more cash from the printing press.

New Rs 500 note has two variants

It has now come to light that the new Rs 500 note has two variants. According to a report in TOI, people have come across the two variants of the note with stark differences. A resident in Gurugram pointed out the differences between the two variants. "There is a visible shadow on Gandhi's face and alignment problem in the serial numbers," he says.

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There also seems to be colour differences alongwith the size of the borders on both the notes.

RBI, on the other hand, has said that these are mere printing defects. "It is likely that notes with printing defect has got released due to the current rush. However, people can freely accept such a note in transaction or return it to RBI," the RBI spokesperson told the daily.

Earlier, in separate incidents, it was found that a man had received a fake Rs 2,000 note. However, this was not a counterfiet but a colour photocopy of the new note.

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