| Country: | India |
| Denomination: | Five hundred rupees |
| Value: | 500 (approx. $) |
| Length Mm: | 151 |
| Width Mm: | 150 |
| Cost Of Printing: | 2.57 |
| Height Mm: | 66 |
| Years Of Printing: | 10 November 2016 – present |
| Obverse: | India new 500 INR, MG series, 2016, obverse.jpg |
| Obverse Design: | Mahatma Gandhi |
| Obverse Designer: | Reserve Bank of India |
| Obverse Design Date: | 2016 |
| Reverse: | India new 500 INR, MG series, 2016, reverse.jpg |
| Reverse Design: | Red Fort |
| Reverse Designer: | Reserve Bank of India |
| Reverse Design Date: | 2016 |
| Color: | Stone Grey |
The Indian 500-rupee banknote (500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in the year. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016.
The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on 8 November 2016.
On 8 November 2016, Indian prime minister Narendra Modi announced the demonetization of the ₹500 banknotes of the Mahatma Gandhi Series as a measure to fight corruption in India and address the issue of counterfeit banknotes.[1] [2] [3] [4] [5] [6] On 10 November 2016, the previous banknote was replaced by a new 500 banknote of the Mahatma Gandhi New Series of banknotes.[7]
The 500 banknote of the Mahatma Gandhi Series is 167 × 73 mm orange-yellow coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of the Reserve Bank of India. It has the Braille feature to assist the visually challenged in identifying the currency. The reverse side features the Gyarah Murti.[8]
As of 2011, the new sign has been incorporated into banknote of 500.[9] In January 2014 RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015. Further deadline was extended until 30 June 2016.[10]
The security features of the 500 banknote includes:[11]
See main article: article and 2016 Indian banknote demonetisation.
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.
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 the signature of the governor of Reserve Bank of India. It has the Braille feature to assist the visually challenged in identifying the currency. The reverse side features a motif of the Indian heritage site of Red Fort, and the logo and a tag line of Swachh Bharat Abhiyan.[7]
As like the other Indian rupee banknotes, the 500 banknote has its amount written in 17 languages. On the obverse, the denomination is written in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India. The languages are displayed in alphabetical order. Languages included on the panel are Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu and Urdu.
| Language | 500 | |
|---|---|---|
| Five hundred rupees | ||
| Hindi: पाँच सौ रुपये | ||
| Denominations in 15 state level/other official languages (As seen on the language panel) | ||
| Assamese: পাঁচশ টকা | ||
| Bengali: পাঁচশ টাকা | ||
| Gujarati: પાંચ સો રૂપિયા | ||
| Kannada: ಐದು ನೂರು ರೂಪಾಯಿಗಳು | ||
| Kashmiri: پانٛژھ ہَتھ رۄپیہِ | ||
| Konkani: पाचशें रुपया | ||
| Malayalam: അഞ്ഞൂറു രൂപ | ||
| Marathi: पाचशे रुपये | ||
| Nepali: पाँच सय रुपियाँ | ||
| Oriya: ପାଞ୍ଚ ଶତ ଟଙ୍କା | ||
| Panjabi; Punjabi: ਪੰਜ ਸੌ ਰੁਪਏ | ||
| Sanskrit: पञ्चशतं रूप्यकाणि | ||
| Tamil: ஐந்நூறு ரூபாய் | ||
| Telugu: ఐదువందల రూపాయలు | ||
| Urdu: پانچ سو روپیے | ||