Hildred82A at 09:23, 11 November 2025

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{{Short description|Highest value banknote of the Indian rupee}}{{Use Indian English|date=March 2018}}
{{Use dmy dates|date=March 2018}}
{{Infobox banknote
| country = India
| denomination = Five hundred rupees
| value = {{INR}}500 (approx. ${{To USD|500|IND}})
| unit =
| width_mm = 150
| height_mm = 66
| security_features =
| paper_type =
| years_of_printing = 10 November 2016 – present
| obverse = India new 500 INR, MG series, 2016, obverse.jpg
| obverse_design = [[Mohandas Karamchand Gandhi|Mahatma Gandhi]]
| obverse_designer = [[Reserve Bank of India]]
| obverse_design_date = {{start date and age|2016|}}
| reverse = India new 500 INR, MG series, 2016, reverse.jpg
| reverse_design = [[Red Fort]]
| reverse_designer = [[Reserve Bank of India]]
| reverse_design_date = {{start date and age|2016|}}
}}

The '''Indian 500-rupee banknote''' ({{INR}}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 [[Indian 500 and 1000 rupee currency demonetisation|demonetised on November 8, 2016]].

==History==

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.<ref>{{Cite news|url=http://indianexpress.com/article/business/economy/narendra-modi-500-100-indian-rupee-notes-demonetised-4364660/|title=Rs 500 and 1000 currency demonitised: PM Modi|date=2016-11-08|newspaper=The Indian Express|access-date=2016-11-08}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/news/politics-and-nation/in-an-attempt-to-curb-black-money-pm-narendra-modi-declares-rs-500-1000-notes-to-be-void-from-midnight/articleshow/55315932.cms|title=PM Modi declares Rs 500 and 1000 currency notes to be void from midnight - The Economic Times|newspaper=The Economic Times|access-date=2016-11-08}}</ref><ref>{{Cite news|url=http://www.thehindu.com/news/national/rs-500-rs-1000-currency-notes-to-be-out-of-circulation-from-midnight/article9320594.ece|title=Rs. 500, Rs. 1000 currency notes to be out of circulation from midnight|date=2016-11-08|newspaper=The Hindu|language=en-IN|issn=0971-751X|access-date=2016-11-08}}</ref><ref>{{Cite news|url=http://www.ndtv.com/india-news/indias-biggest-crackdown-on-corruption-foreign-media-on-pm-modis-move-1623014?stky&browserpush=true|title=India's Biggest Crackdown On Corruption: Foreign Media On PM Modi's Move|newspaper=NDTV.com|access-date=2016-11-08}}</ref><ref>{{Cite news|url=http://eisamay.indiatimes.com/nation/rs-500-rs-1000-notes-wont-be-legal-tender-from-tonight-says-pm/articleshow/55316607.cms|title=মোদীর ঘোষণা, মাঝরাত থেকেই নিষিদ্ধ ৫০০ ও ১০০০ টাকার নোট -Eisamay|date=2016-11-08|newspaper=Eisamay|access-date=2016-11-08|archive-date=8 May 2018|archive-url=https://web.archive.org/web/20180508190953/https://eisamay.indiatimes.com/nation/Rs-500-Rs-1000-notes-wont-be-legal-tender-from-tonight-says-PM/articleshow/55316607.cms|url-status=dead}}</ref><ref>{{Cite news|url=http://www.anandabazar.com/national/rupees-500-and-1000-is-going-to-discontinue-announces-modi-dgtl-1.510271|title=বাতিল ৫০০ ও ১০০০ টাকার নোট, ঘোষণা নরেন্দ্র মোদীর|last=সংস্থা|first=সংবাদ|newspaper=anandabazar.com|access-date=2016-11-08}}</ref> On 10 November 2016, the previous banknote was replaced by a new {{INR}}500 banknote of the [[Mahatma Gandhi New Series]] of banknotes.<ref name=rbi-500-new>{{cite press release |author=Alpana Killawala |url=https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR114610FD822AC70142AEB274AF376755C293.PDF |title=Issue of ₹500 Banknotes (Press Release) |date=8 November 2016 |publisher=[[Reserve Bank of India]] |access-date=8 November 2016}}</ref>

==Mahatma Gandhi Series==
[[File:India 500 INR, MG series, 2014, obverse.jpg|thumb|Obverse of the {{INR}}500 banknote between October 1997 – November 2016]]
[[File:India 500 INR, MG series, 2014, reverse.jpg|thumb|Reverse of the {{INR}}500 banknote between October 1997 – November 2016]]

===Design===

The {{INR}}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]].<ref>{{cite web |title=Iconic sculpture in the heart of Delhi |url=https://amritmahotsav.nic.in/district-reopsitory-detail.htm?174 |website=Azadi Ka Amrit Mahotsav |publisher=Ministry of Culture, Government of India |access-date=19 July 2022 |language=English}}</ref>

As of 2011, the new [[Indian rupee sign|{{INR}} sign]] has been incorporated into banknote of {{INR}}500.<ref>{{cite web|title=Issue of ₹500 Banknotes with incorporation of Rupee symbol|url=https://www.rbi.org.in/scripts/BS_ViewCurrencyPressRelease.aspx?Id=25662|publisher=RBI|access-date=26 December 2011}}</ref> 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.<ref>{{cite web | url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=107510 | title=Withdrawal of Currencies Issued Prior to 2005 | publisher=Press Information Bureau | date=25 July 2014 | access-date=25 July 2014}}</ref>

===Security features===

The security features of the {{INR}}500 banknote includes:<ref>{{cite web|url=http://www.rbi.org.in/scripts/FAQView.aspx?Id=39#32 |title=Are there any special features in the banknotes of Mahatma Gandhi series- 1996? |work=Your Guide to Money Matters |publisher=Reserve Bank of India |access-date=11 January 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120112123135/http://www.rbi.org.in/scripts/FAQView.aspx?Id=39 |archive-date=12 January 2012 }}</ref>

*A windowed [[security thread]] that reads 'भारत' (''Bharat in the [[Devanagari]] script'') and 'RBI' alternately.
*[[Latent image]] of the value of the banknote on the vertical band next to the right hand side of Mahatma Gandhi’s portrait.
*[[Watermark]] of [[Mohandas Karamchand Gandhi|Mahatma Gandhi]] that is a mirror image of the main portrait.
*The number panel of the banknote is printed in embedded [[fluorescent]] fibers and optically variable ink.
*Since 2005 additional security features like machine-readable security thread, electrotype watermark, and year of print appears on the bank note.

===Discontinuation===
{{Main article|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]].<ref>{{Citation|last=Spotlight|title=[English]PM Modi's Surgical Strike on Corruption {{!}} 500,1000 Rupee Notes Not Legal Tender Anymore|date=2016-11-08|url=https://www.youtube.com/watch?v=iUpPE8UDEzo|access-date=2016-11-08}}</ref>

==Mahatma Gandhi New Series ==

===Design===

The {{INR}}500 banknote of the [[Mahatma Gandhi New Series]] is 66mm x 150mm [[Shades of gray#Stone Gray|Stone Grey]] coloured, with the obverse side featuring a portrait of [[Mahatma Gandhi]] as well as the [[Ashoka Pillar|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]].<ref name=rbi-500-new/>

===Security features===

* See through register with denominational numeral 500
* Latent image with denominational numeral 500
* [[Micro printing|Micro letters]] ‘RBI’ and ‘500’ on the left side of the banknote
* Windowed [[security thread]] with inscriptions ‘भारत’, RBI and 500 on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted
* Denominational numeral with [[Indian rupee symbol|Rupee Symbol]], {{INR}}500 in colour changing ink (green to blue) on bottom right
* [[Ashoka Pillar]] emblem on the right Mahatma Gandhi portrait and electrotype (500) watermarks
* Number panel with numerals growing from small to big on the top left side and bottom right side.
* For visually impaired Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, five bleed lines and identity mark
* Circle with {{INR}}500 in raised print on the right

==Languages==

As like the other [[Indian rupee]] banknotes, the {{INR}}500 banknote has its amount written in 17 languages. On the obverse, the denomination is written in [[English language|English]] and [[Hindi]]. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 [[List of official languages of India|official languages of India]]. The languages are displayed in alphabetical order. Languages included on the panel are [[Assamese language|Assamese]], [[Bengali language|Bengali]], [[Gujarati language|Gujarati]], [[Kannada]], [[Kashmiri language|Kashmiri]], [[Konkani language|Konkani]], [[Malayalam]], [[Marathi language|Marathi]], [[Nepali language|Nepali]], [[Odia language|Odia]], [[Punjabi language|Punjabi]], [[Sanskrit]], [[Tamil language|Tamil]], [[Telugu language|Telugu]] and [[Urdu]].

{| class="wikitable" style="text-align:center"
|+
! colspan="2" |Denominations in [[Languages with official status in India|central level official languages]] (At below either ends)
|-
!Language
! {{INR}}500
|-
|[[English language|English]] || Five hundred rupees
|-
|[[Hindi]] || {{lang|hi|पाँच सौ रुपये}}
|-
! colspan="2" |Denominations in 15 [[Languages with official status in India#Schedule|state level/other official languages]] (As seen on the language panel)
|-
| [[Assamese language|Assamese]] || {{lang|as|পাঁচশ টকা}}
|-
| [[Bengali language|Bengali]] || {{lang|bn|পাঁচশ টাকা}}
|-
| [[Gujarati language|Gujarati]] || {{lang|gu|પાંચ સો રૂપિયા}}
|-
| [[Kannada]] || {{lang|kn|ಐದು ನೂರು ರೂಪಾಯಿಗಳು}}
|-
| [[Kashmiri language|Kashmiri]] || {{lang|ks|پانٛژھ ہَتھ رۄپیہِ}}
|-
| [[Konkani language|Konkani]] || {{lang|kok|पाचशें रुपया}}
|-
| [[Malayalam]] || {{lang|ml|അഞ്ഞൂറു രൂപ}}
|-
| [[Marathi language|Marathi]] || {{lang|mr|पाचशे रुपये}}
|-
| [[Nepali language|Nepali]] || {{lang|ne|पाँच सय रुपियाँ}}
|-
| [[Odia language|Odia]] || {{lang|or|ପାଞ୍ଚ ଶତ ଟଙ୍କା}}
|-
| [[Punjabi language|Punjabi]] || {{lang|pa|ਪੰਜ ਸੌ ਰੁਪਏ}}
|-
| [[Sanskrit]] || {{lang|sa|पञ्चशतं रूप्यकाणि}}
|-
| [[Tamil language|Tamil]] || {{lang|ta|ஐந்நூறு ரூபாய்}}
|-
| [[Telugu language|Telugu]] || {{lang|te|ఐదువందల రూపాయలు}}
|-
| [[Urdu language|Urdu]] || {{lang|ur|پانچ سو روپیے}}
|}

==See also==
*[[Mahatma Gandhi New Series]]
* [[Indian 200-rupee note]]
* [[Indian 2000-rupee note]]

==References==
{{Portal|India|Money|Numismatics}}
{{Reflist}}

{{Indian currency}}

[[Category:Banknotes of India]]
[[Category:Rupee]]
[[Category:Five-hundred-base-unit banknotes]]
[[Category:Currencies introduced in 1997]]

Indian 500-rupee note - Revision history

Hildred82A at 09:23, 11 November 2025