Currency Note
YouTube video claims Rs. 500 currency note will be discontinued, Indian government responds
The Indian government has rejected a claim made by a YouTube channel that the Rs 500 currency note will be discontinued by March 2026.
In the viral video uploaded to a YouTube channel named Capital TV.
PIB Fact Check X handle wrote: "A #YouTube video on the YT Channel 'CAPITAL TV' (capitaltvind) falsely claims that the RBI will discontinue the circulation of ₹500 notes by March 2026."
Is the ₹500 note set to be phased out by 2026? 🤔
— PIB Fact Check (@PIBFactCheck) June 3, 2025
A #YouTube video on the YT Channel 'CAPITAL TV' (capitaltvind) falsely claims that the RBI will discontinue the circulation of ₹500 notes by March 2026.#PIBFactCheck
✔️@RBI has made NO such announcement.
✔️₹500 notes have… pic.twitter.com/NeJdcc72z2
The Indian government has said no such announcements have been made so far.
"₹500 notes have NOT been discontinued and remain legal tender," the X post further said.
The government urged citizens not to fall for such misinformation.
"Always verify news from official sources before believing or sharing it!," the government said on X.
The new Rs. 500 currency note was released by the Indian government in 2016 after the PM Narendra Modi-led government had discontinued the use of the old Rs. 500 and Rs. 1000 currency notes.
The current Rs. 500 currency notes are the most widely used denominations in the Indian economy today.
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