New Delhi: The new Rs500 banknotes, which will be issued by banks from Thursday, have extra security features besides having peculiar colour, theme and size which differentiate the new bills from the earlier series. The Rs2,000 notes, which are being introduced for the first time, will be of magenta colour with Mangalayan 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," the finance ministry said in a statement.

The Rs500 banknotes will be stone grey in colour with a predominant new theme of the Indian heritage site Red Fort. The RBI is introducing new design banknotes in the denomination of Rs2,000 as part of Mahatma Gandhi (New) Series. The government on Tuesday had demonetized the Rs500 and Rs1,000 notes as part of its efforts to clamp down against the black money, fake currency and terror financing.