The Centre debunked claims that the ₹500 currency note can be discontinued by means of the next 12 months, seeking to calm the panic most of the human beings caused by the declaration.

The panic over the future of forex notes commenced recently when a video on youtube went viral over the past few days, claiming that the ₹500 notes might be phased out beginning march 2026. The 12-minute-long video, uploaded on a channel named capital TV and gaining greater than 5 lakh views on account of june 2, induced confusion and panic amongst humans.

The union authorities answered the claims through the press Information Bureau (PIB) fact-check unit, announcing the reserve bank of india (RBI) has no longer made that sort of statement. The indian government's legitimate fact-checking organization also recommended human beings no longer fall victim to any type of incorrect information and always verify any claims made.

₹500 notes have no longer been discontinued and remain legal tender". Constantly verify information from legitimate sources before believing or sharing it," PIB's post on social media platform X reads.

When were the brand-new ₹500 notes brought to India?

The ₹500 notes presently in circulation have been added after the government announced demonetization of the antique ₹500 and ₹1000 notes in november 2016. The present-day note is 66mm x 150mm and springs in stone grey color. The return of it has a photograph of the purple citadel, complying with the theme of indian background websites.

The contemporary ₹500 notes preserve having their amount written in 17 languages, like all the other notes in movement. These languages encompass English, Hindi, Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu, and Urdu.

Prime minister Narendra Modi had demonetized the previous ₹500 notes, together with the ₹1,000 notes, in a televised deal on november 8, 2016. The authorities had billed it as a degree to fight corruption inside the USA and cope with the issue of counterfeit banknotes. The information notes got here in a stream more than one day later.

The RBI had additionally delivered the new ₹2,000 forex word all through the demonetization exercise. However, those notes had been withdrawn from movement in May 2023. In spite of being withdrawn, the ₹2000 notes stay criminally soft.

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