Reserve Bank of India Confirms Authenticity of Rs 500 Notes

The Reserve Bank of India (RBI) has confirmed that there are two types of Rs 500 notes in circulation and both are genuine. This follows a viral video on social media claiming that one type of the note is fake. The fake note was said to be one where the green strip passes through the signature of the RBI governor or is very close to the picture of Mahatma Gandhi.

Here are the key points to note:

Two types of Rs 500 notes in circulation: The video claimed that one type of Rs 500 note was fake. However, the RBI has clarified that both types of notes are genuine.

No need to panic: If you have a Rs 500 note, there is no need to worry. Both types of notes are valid and can be used as usual.

Verify before sharing: The spread of fake news is a common problem on social media. If you receive any such message, do not share it without verifying its authenticity. You can visit the official website https://factcheck.pib.gov.in/ to fact-check any news or send a video on WhatsApp number +918799711259 or email: [email protected].

The RBI’s clarification is timely, given the current economic situation in the country. The demonetization of certain banknotes in 2016 and the COVID-19 pandemic have had a significant impact on the Indian economy. In such a scenario, the spread of fake news can create unnecessary panic and confusion. Therefore, it is essential to verify any news before sharing it with others.

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