RBI Update : The Reserve Bank of India (RBI) has just rolled out updated ₹10 and ₹500 notes under the Mahatma Gandhi (New) Series — but before you worry about changing your old currency, relax. The existing notes remain fully valid and legal tender.
These new notes might look the same at first glance, and that’s because they pretty much are. The only real difference? The signature of the new RBI Governor, Sanjay Malhotra, who took over as the 26th Governor in December 2024. He replaces Shaktikanta Das, whose signature had been featured on the previous set of notes.
According to the RBI, the updated ₹10 and ₹500 notes are “similar in all respects” to the earlier versions released in 2019, including size, design, and security features — with the exception of the governor’s signature.
Why Issue New Notes Now?
This move is part of the RBI’s regular update cycle. Every time a new governor takes charge, fresh banknotes are issued bearing their signature. It’s a routine process, designed to reflect leadership transitions without disrupting public usage.
So, you won’t need to exchange your old notes. Both new and old notes will continue to coexist and be accepted for all transactions.
What’s New in the ₹500 Note?
Design-wise, nothing major changes in the ₹500 note. It still features a stone grey colour scheme, and on the reverse, the iconic Red Fort with the Indian flag remains the key theme. The note continues to measure 66mm x 150mm and includes top-notch security features like:
- Colour-shifting security thread (green to blue)
- Transparent register for the numeral
- Intaglio printing of Mahatma Gandhi’s portrait
- Ashoka Pillar emblem
- Microtext, watermarks, and UV-reactive ink
These features are meant to make counterfeiting harder and help the public easily recognize genuine currency.
The ₹10 Note: Still Classic and Trusted
The ₹10 note remains unchanged as well, other than the signature. It keeps its chocolate brown color and features the Sun Temple of Konark on the reverse. This note, while smaller in denomination, also includes several key security features and is widely used in daily transactions.
Smooth and Gradual Rollout
The RBI plans to gradually roll out these new notes through regular bank channels, starting in metro areas and slowly reaching smaller cities and rural regions. This phased introduction avoids any disruption in day-to-day banking or currency circulation.
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Banks have also been briefed to help people identify the new notes and reassure the public that no immediate action is needed regarding old currency.
Part of a Larger Currency Update
This update follows the recent release of ₹100 and ₹200 notes with similar design continuity and Governor Malhotra’s signature. RBI has also revamped ₹50 notes with newer security features.
In short, India’s currency is getting a facelift — but the soul remains the same. For the average citizen, it’s business as usual. Just keep spending and saving as you always have, whether your note carries Das’s signature or Malhotra’s.
