New Rs 500 notes circulation started

New Rs 500 notes circulation started

RBI has announced that the new currency notes of Rs 500 denomination is said to be distributed by banks

According to the press release on RBI regarding:

First time, new 500 rs currency notes with star mark are being circulated in market. The bundles containing 100 notes of new 500 rs notes are also started. Bundles of denomination of Rs. 10. Rs. 20, Rs. 50, and Rs. 100 are already in circulation.

Due to the shortage of printed notes, banks are not in a position to cater to the customers overall. Its expected that new  Rs. 2000 notes and new Rs. 500 notes are to be released in circulation before end of next week and current restriction of maximum Rs. 24000 is to be relaxed.