As we all know The current notes of Rs 500 and Rs 1000 will no longer be valid from November 8 midnight, Prime Minister Narendra Modi announced in a televised address to the nation. Instead, notes of Rs 2000 and a newly designed Rs 500 are being introduced.
The Rs 2,000 notes, which are being introduced for the first time, will be of magenta colour with Mangalyaan imprinted on the reverse side. The higher value currency notes will have other designs, geometric patterns aligning with the overall colour scheme both on the obverse and reverse.
The new denomination has motif of the Mangalayan on the reverse, depicting the country’s first venture in interplanetary space.
Here’s a look at the distinguishing features of the new Rs 500 and Rs 2,000 notes that banks have started dispensing
 1 See through register with denominational numeral
 2 Latent image with denominational numeral
 3 Denominational numeral in Devnagari
 4 Portrait of Mahatma Gandhi at the centre
 5 Micro letters ‘RBI’ and Rs ‘2000’ on the left side of the banknote
 6 Windowed security thread with inscriptions ‘Bharat’ in Devanagari, RBI and numeral with colour shift. Colour of the thread changes from green to blue when the note is tilted
 7 Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards the right
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 8 Mahatma Gandhi portrait and electrotype watermarks
 9 Number panel with numerals growing from small to big on the top left side and bottom right side
10Â Denominational numeral with rupee symbol, the numeral in colour changing ink (green to blue) on bottom right
 11 Ashoka Pillar emblem on the right
 12 Horizontal rectangle with Rs 2000 in raised print on the right
 13 Seven angular bleed lines on the left and right side in raised print
 14 Year of printing of the note on the left
 15 Swachh Bharat logo with slogan
 16 Language panel towards the centre
 17 Motif of Mangalyaan
 18 Denomination numeral in Devnagari on right
 19 Circle with Rs 500 in raised print on the right
 20 Five angular bleed lines on left and right side in raised print
 21 Red Fort: an image of the Indian heritage site with Indian flag