Archive · 7 Jun 2025
Indian Government Denies ₹500 Note Demonetization Claims
The Indian government said a video claiming ₹500 notes would stop being used by March 2026 is wrong.
Someone made a video on YouTube saying this would happen.
The government, through their fact-checking team, said this was fake news.
They confirmed the ₹500 note is still good to use.
The government wants people to be careful of fake news online and only trust information from official sources.
The Reserve Bank of India (RBI) also announced it will release new ₹20 notes soon.
The Indian government debunked claims of ₹500 note demonetization by March 2026.
A video from CAPITAL TV falsely claimed the RBI would discontinue ₹500 notes.
The government, via PIB FactCheck, refuted the claims on social media.
The ₹500 banknotes will remain legal tender, according to the government.
The RBI announced new ₹20 banknotes with the signature of the new Governor.
- Who
- The Indian government, via PIB Fact Check, and the Reserve Bank of India (RBI).
- What
- The Indian government refuted claims that ₹500 notes will be discontinued by March 2026.
- When
- Clarification issued on Tuesday, 3 June 2025, in response to a viral video.
- Where
- India
- Why
- To counter misinformation about the discontinuation of ₹500 notes and reassure the public.
Social Media Users/Viewers
Government
Validity of ₹500 Notes
Social Media Users/Viewers
Believed or were potentially misled by the false claims about the demonetization of ₹500 notes.
Government
₹500 notes will remain legal tender.
- Issue
- False claims of demonetization by March 2026
- Government Stance
- ₹500 banknotes are legal tender and will not be discontinued.
- Source of Misinformation
- CAPITAL TV
- RBI Announcement
- Issued new ₹20 banknotes in May 2025
