YouTube claiming that the Rs 500 foreign money notes can be discontinued with the aid of 2026 has been gaining traction during the last few days, triggering confusion and panic amongst people.
However, the center has debunked the 'faux' declaration, saying the reserve bank of india (RBI) has not made this type of announcement.
The , posted through a YouTube channel called 'Capital Television' on june 2, said that the Rs 500 notes will start phasing out from march of the subsequent year. The almost 12-minute-long gained over 5 lakh views.
"Rs 500 notes have now not been discontinued and stay legal tender," the press Facts Bureau (PIB) reality take a look at department—the indian authorities' professional reality-checking company—wrote in a submission on X.
It additionally counseled residents now not to fall for incorrect information.
"Always verify information from official sources before believing or sharing it," it stated.
The cutting-edge Rs 500 currency notes have been delivered after the 2016 demonetization exercise. The scale of the Be Aware is 66mm x 150mm. The color of the notes is stone gray, with the subject matter 'Indian background website online—crimson castle.' Like other indian Rupee banknotes, the Rs 500 notes have their quantity written in 17 languages: English, Hindi, Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu, and Urdu.
Prime minister Narendra Modi, on november 8, 2016, had demonetized the previous Rs 500 notes as a measure to fight corruption in the united states and deal with the problem of counterfeit banknotes. The information notes have been changed days later. The RBI had also delivered the new Rs 2,000 forex notice at some stage in the demonetization exercise. But, in 2023, the notes have also been withdrawn from circulation; however, they remain legal tender.
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