Micro letters ‘RBI’ and ‘500’ on the left side of the banknote.
Latent image with denominational numeral 500. See through register with denominational numeral 500. 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. It has the Braille feature to assist the visually challenged in identifying the currency. The ₹500 banknote of the Mahatma Gandhi New Series is 66mm x 150mm Stone Grey coloured, with the obverse side featuring a portrait of Mahatma Gandhi as well as the Ashoka Pillar Emblem, with a signature of the governor of Reserve Bank of India. On 10 November 2016, the previous banknote was replaced by a new ₹500 banknote of the Mahatma Gandhi New Series of banknotes. 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. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1987 and November 2016, were demonetised on 8 November 2016. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. 
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 Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee.
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