Mumbai, November 6: Some news reports on a social media account recently claimed that the Reserve Bank of India (RBI) has released new guidelines for exchanging the old INR 500 and INR 1,000 currency notes that were phased out during the demonetisation process in November 2016. However, this news is fake and is not true. The Press Information Bureau’s (PIB) Fact Check team has clarified in a social media post on X, formerly Twitter.

The PIB Fact Check has issued a warning against the news reports, saying that the claim is fake and the RBI has not issued any such notification. Citizens are advised to verify such messages through official sources before sharing them. Did RBI Order Banks To Stop Dispensing INR 500 Notes From ATMs by September 2025? PIB Fact Check Debunks Fake News Message Going Viral on WhatsApp.

Fact Check: RBI Has Not Announced Any New Rule To Exchange Old INR 500 and INR 1,000 Currency Notes

The PIB said rbi.org.in remains the only authentic source for updates on financial regulations, monetary policies, and currency-related announcements. Amid a surge in misinformation and fake circulars circulating on social media, the agency has urged citizens, businesses, and financial institutions to rely solely on verified communications issued through its official platforms. The central bank cautioned against believing or forwarding unverified content that could mislead the public and distort trust in India’s financial system. Did RBI Issue New Rules for Exchanging Old Discontinued INR 500 and INR 1000 Banknotes? PIB Fact Check Debunks News Article Spreading Fake News.

If you receive any suspicious message, photo, or video related to the Reserve Bank of India or the central government, it should be reported immediately to the relevant cybercrime portal or social media platform.

TruLY Score by LatestLY
Rating:5

TruLY Score 5 – Trustworthy | On a Trust Scale of 0-5 this article has scored 5 on LatestLY. It is verified through official sources (Official X Account of PIB Fact Check). The information is thoroughly cross-checked and confirmed. You can confidently share this article with your friends and family, knowing it is trustworthy and reliable.

Fact check

Did RBI Announce Any New Rule To Exchange Old INR 500 and INR 1,000 Currency Notes? PIB Fact Check Debunks Fake Claim
Claim :

Reserve Bank of India (RBI) has released new guidelines for exchanging the old INR 500 and INR 1,000 currency notes.

Conclusion :

The claim is fake.

Full of Trash
Clean

(The above story first appeared on LatestLY on Nov 06, 2025 06:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).