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

Team Latestly Nov 07, 2025 09:00 AM IST

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.

(The above story first appeared on LatestLY on Nov 07, 2025 09:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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1000 Rupees 500 Rupees Banking Rules Currency Exchange Exchange Rules fact check Fake news RBI

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