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Fact Check: RBI Issues New Rules for Exchanging Old Discontinued INR 500 & INR 1000 Banknotes? PIB Debunks Fake Claim

Videos Team Latestly|

A post claiming that the Reserve Bank of India (RBI) has issued new rules to exchange the old discontinued ₹500 and ₹1000 banknotes is going viral. But is this true? Let’s find out. The Press Information Bureau (PIB) fact-check team has confirmed that this claim is false. PIB stated that the he RBI has not issued any new directions for exchanging those denominations.

The viral post states that you must act soon or the notes will become worthless. However, no such deadline is in place for the ₹500/₹1000 notes. Always refer to the RBI’s official website or authorised channels for updates.

Disclaimer: This video uses AI-generated visuals and voice for representation. Script and facts are human-researched.