#RBI to issue new Rs.1,000/- denomination banknotes

“The Reserve Bank will shortly issue Rs. 1,000 denomination banknotes incorporating rupee symbol, with ‘R’ inset letter, in the Mahatma Gandhi series-2005,” the RBI said in a notification.

The year of printing ‘2014’ will be printed on the reverse of the banknote.

The design of these notes to be issued now is similar in all respects to the Rs. 1,000 banknotes in Mahatma Gandhi series-2005, issued earlier, RBI said.

“All the banknotes in the denomination of ‘1,000 issued by the Bank in the past will continue to be legal tender.” said a press release from RBI.