25 November 2016

RBI Admits defect in newly issued Rs 500 notes

RBI has admitted to a 'printing defect' in the newly introduced Rs 500 note. Three different versions of the note were found: One had visible shadows of every object. Another note had its printing go out of the border. In another case, a Mumbai resident had 2 Rs 500 notes - one lighter, one heavier in color. However, RBI says people can accept such notes and can exchange at local RBI centres.