The video, posted by a YouTube channel, alleges that the Reserve Bank of India (RBI) plans to phase out ₹500 notes gradually starting in 2026.
The video, over 11 minutes long, has already crossed 4.5 lakh views.
PIB has denied the claim. It stated clearly that the RBI has not made any such announcement. The ₹500 notes remain legal tender, and there is no plan to withdraw them from circulation.
Is the ₹500 note set to be phased out by 2026? ????
A #YouTube video on the YT Channel ‘CAPITAL TV’ (capitaltvind) falsely claims that the RBI will discontinue the circulation of ₹500 notes by March 2026.#PIBFactCheck✔️@RBI has made NO such announcement.
✔️₹500 notes have… pic.twitter.com/NeJdcc72z2
— PIB Fact Check (@PIBFactCheck) June 3, 2025
PIB clarified that no policy or directive has been issued by the RBI regarding the removal of ₹500 notes. The currency will continue to be valid.
ALSO READ | Income tax department enables online filing for ITR-1, ITR-4 forms: Check eligibility
PIB urged citizens not to believe or share such misinformation. People should always verify news from official sources before forwarding it. Relying on unverified claims, especially those related to government policies or currency, can create unnecessary panic.
What you should do?
- Always check official government or RBI notifications.
- Avoid sharing unverified videos or messages.
- Follow trusted news sources for updates.
- Report fake content on platforms where it is found.
ALSO READ | PM-KISAN 20th instalment likely in June: Key details farmers must know
