RBI Latest Currency Update – The Reserve Bank of India (RBI) has just rolled out fresh ₹10 and ₹500 currency notes, and if you’re wondering what’s new, here’s the lowdown. These updated notes are not demonetised versions or design changes. Instead, they are the same Mahatma Gandhi (New Series) notes you’re already familiar with, but now they carry the signature of the new RBI Governor, Sanjay Malhotra.
This release, which began in April 2025, is part of a routine update that takes place every time a new RBI Governor takes office. So let’s dive into what this means, what’s different (and what’s not), and how it may affect you in everyday transactions.
What’s New with These Notes?
The main change in this latest currency release is the signature. That’s right — the notes now have the official signature of RBI Governor Sanjay Malhotra, who was appointed in early 2024. Everything else — the design, the size, the color — remains the same.
These updated notes are still part of the Mahatma Gandhi (New Series), and the RBI has confirmed that the older versions of ₹10 and ₹500 notes, signed by previous governors, will continue to be valid and legal.
The New ₹10 Note: What to Expect
The ₹10 note has always had a simple and familiar feel, and this update keeps it that way. Here are the key features of the 2025 edition:
- Theme: Sun Temple, Konark
- Color: Chocolate Brown
- Dimensions: 63 mm x 123 mm
- Series: Mahatma Gandhi (New Series)
- Signature: Sanjay Malhotra
- Security Features: Watermark, latent image, micro-lettering, and the usual visual markers
This note continues to be one of the most commonly circulated denominations and is used widely in daily life, especially in small shops, transport, and local vendors.
The New ₹500 Note: Details You Should Know
The ₹500 note is also sticking to its classic look. It’s widely used across all sectors and forms a major part of daily transactions for both urban and rural users. Here’s what the 2025 version includes:
- Theme: Red Fort
- Color: Stone Grey
- Dimensions: 66 mm x 150 mm
- Series: Mahatma Gandhi (New Series)
- Signature: Sanjay Malhotra
- Security Features: Security thread, color-shifting ink, watermark, and other standard safety features
Again, there are no design changes here, only the signature update.
Why Does RBI Issue Notes with New Signatures?
Every time a new RBI Governor is appointed, currency notes are printed with their signature. This is not new or surprising. It’s a routine part of currency management. These signature updates:
- Establish the authority of the new RBI Governor
- Help track batches and timelines of currency issuance
- Serve as an administrative step, not a signal for demonetisation
So if you notice the signature change on your notes, don’t be alarmed. It’s completely normal.
What About Older Notes?
A big question for many is whether they need to exchange their existing ₹10 or ₹500 notes. The answer is simple — no. The RBI has clearly stated that all previously issued notes remain legal tender. There is no need to visit a bank or ATM to replace your current notes.
So whether your ₹500 note has the signature of Shaktikanta Das or Sanjay Malhotra, both are equally valid.
Timeline of This Update
Here’s a quick overview of how and when this change came into play:
- January 2024: Sanjay Malhotra appointed as RBI Governor
- March 2024: Design and printing approvals finalized
- April 2025: First batch of new notes released
- May to July 2025: Full-scale circulation begins across India
Does This Affect You?
Honestly, not really. For everyday people, there is no need to change how you handle your money. You’ll continue to receive both older and newer notes through banks and ATMs. It’s more of a background update to reflect the change in RBI leadership.
Here’s what you should remember:
- You don’t need to exchange your old notes
- There is no change in note design, value, or legal status
- You can spot the new notes by checking for Sanjay Malhotra’s signature
RBI’s Broader Currency Strategy
While this update is procedural, it fits into the RBI’s larger goal of maintaining trust in the currency system while adapting to modern times. The central bank is also investing in:
- Improving the durability of banknotes
- Exploring eco-friendly printing methods
- Balancing the use of physical and digital currencies
The RBI is committed to ensuring that currency remains accessible and reliable, especially for those in rural areas or without access to digital systems.
The introduction of ₹10 and ₹500 notes with RBI Governor Sanjay Malhotra’s signature is a routine but important update. There’s no need for concern or action on your part. Just know that this change is part of how the RBI maintains the currency system as leadership changes over time.
So the next time you get a new ₹500 note with a different signature, you’ll know exactly what it means — and that everything’s just fine.