Two Versions of New Rs 500 Notes in Circulation and Both are Valid

In its rush to meet the massive demand of new Rs 500 notes, the RBI seems to have introduced two versions of the currency note into circulation.

And both are valid and legal tender, the banking watchdog says.

The differences in the two sets of notes — shadow of Mahatma Gandhi’s picture, placement of the national emblem, colour shade and border size — are printing errors given the rush to meet the increasing demand, an RBI spokesperson has said.

Here’s a look at the differences between the two sets of notes