BUSINESS
RBI: What is the new rule of RBI on old 500 and 1000 rupee notes, is there going to be a withdrawal?
This is the age of social media, and you may have noticed several posts and messages circulating on social media claiming that the Reserve Bank of India has issued new guidelines allowing people to exchange old ₹500 and ₹1000 notes that were discontinued after demonetisation in 2016.
But now, a different truth
has emerged. A fact check has confirmed this claim to be false. Let us explain what kind of news has emerged regarding the old 1,000 and 500 rupee notes, and what kind of fact-checking has been done by the RBI and PIB.
Has RBI really announced 'new rules' for exchanging old ₹500 & ₹1000 notes❓
— PIB Fact Check (@PIBFactCheck) April 17, 2026
Some news reports claim that the Reserve Bank of India (@RBI) has issued new guidelines to exchange discontinued currency notes.#PIBFactCheck
❌ This claim is FAKE!
❌RBI has made NO such… pic.twitter.com/8ph2mlCrLT
No announcement made:
According to media reports, the RBI has not recently announced any plans to reopen the exchange of old ₹500 and ₹1000 notes. The central bank has not implemented any new rules allowing the public to exchange these discontinued notes.
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