India planning new 500- and 1,000-rupee notes within two years

According to an article in Outlook India dated 31 March 2012, within a year or two the Reserve Bank of India intends to issue new banknotes portraying the growth and development story of the country, says Bimal Julka, Director General, Directorate of Currency.

"It has been decided to add new features to currency notes. When anyone will look at a 500- or 1,000-rupee (US$9.70 and $19.40, respectively) note, it should also reflect India's growth and development.” The new notes will also have enhanced security features..

Courtesy of Richard Miranda.