RBI has denied the claim of missing Rs 500 notes after the recent withdrawal of Rs 2000 notes. Social media has been buzzing with claims that RBI will also withdraw Rs 500 notes and that the new design notes have disappeared. However, RBI clarified that these reports are not correct and based on misinterpretation of information collected from Printing Presses under the Right to Information Act, 2005. The statement from RBI further stated that all bank notes supplied to RBI from the printing presses are properly accounted for and there are robust systems in place for reconciliation of banknotes printed at the presses and supplied to the Reserve Bank of India. RBI has advised not to trust any such misleading news and to rely on the information published by RBI from time to time.
It was reported in the media that RTI activist Manoranjan Roy claimed that lakhs of Rs 500 notes of the new design are missing, whose value he had told more than 88 thousand crore rupees. He had claimed that the country’s three printing presses printed 8810.65 million notes of Rs 500 with the new design, but the Reserve Bank received only 7260 million notes out of these. However, RBI has denied these claims and urged the public to not believe in any such misleading news.
In the wake of demonetization, there have been several rumors and speculations regarding the withdrawal of various denominations of notes. It is important for the public to rely on official sources and not believe in rumors or unverified claims. RBI’s statement provides reassurance that there are robust systems in place for printing, storage, and distribution of banknotes and that all bank notes supplied to RBI are properly accounted for.
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