When Desai came to power, banknotes of Rs 1,000, Rs 5,000 and Rs 10,000 were in circulation. The Rs 500 notes had already returned into circulation in October 1987. The Mahatma Gandhi banknote series - 1996 were issued in the denominations of Rs 10, Rs 100 (June 1996), Rs 50 (March 1997), Rs 500 (October 1997), Rs 1,000 (November 2000), Rs 20 (August 2001), and Rs 5 (introduced in November 2001). The Mahatma Gandhi Series - 2005 bank notes were issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 and contained some additional/new security features as compared to the 1996 series. The Rs 50 and Rs 100 banknotes were issued in August 2005, followed by Rs 500 and Rs 1,000 denominations in October 2005 and Rs 10 and Rs 20 in April 2006 and August 2006, respectively.

Source: Hindustan Times November 08, 2016 19:30 UTC