New 500 rupee notes with faulty printing valid: RBI

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    New Delhi : They were meant to replace the demonetised currency, but some new 500 rupee notes are causing some confusion — owing to printing errors.

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    Apparently, in a rush to go to print, an unspecified number — no one knows exactly how many — of notes of rupees 500 denomination have visible errors.

    They have caused doubts in the minds of the people whether these currency notes are genuine or fakes.

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    In some notes, the guarantee declaration has shifted to almost superimpose the security thread. In others, there is a visible shadow of Mahatma Gandhi’s face. The position of the Ashoka Pillar lion is in the wrong place, while some of the numbers on the note jut out.

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    However, the RBI has said these are valid and can be used. If people find it difficult to transact using these notes, they have been advised to exchange them.

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    The government had on November 8 announced the demonetisation of Rs 500 and Rs 1,000 currency notes with the aim of curbing black money and corruption.

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