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Detailed explanation-1: -The Reserve Bank of India will shortly issue ₹ 500 denomination bank notes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘E’ in both the numbering panels, bearing the signature of Dr.
Detailed explanation-2: -The security features of the Mahatma Gandhi New Series banknotes are as follows: See-through registration device: Consisting of the numeral denomination at the lower left part of the notes on the front and at the lower right of the notes on the back. Used for the ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2000 notes.
Detailed explanation-3: -The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs. 5, Rs. 10, Rs. 20, Rs.
Detailed explanation-4: -Two new denominations viz. ₹ 2000 on November 08, 2016 and ₹ 200 on August 23, 2017 were introduced in the Mahatma Gandhi (New) Series.