• Rumors spread about old notes after demonetisation


• Delhi Police seized 3.5 crore old currency notes


• RBI puts an end to old currency rumours

RBI Currency Alert: Recently, a shocking incident has come to light regarding old currency notes. Old Rs 500 and Rs 1000 notes have been cheated. The RBI has clarified that these notes are now illegal and have no value. In 2016, the central government had demonetized Rs 500 and Rs 1000 notes. However, recently there have been rumors about Rs 500 and Rs 1000 notes. RBI has put an end to these rumours. Read the full news to know in detail..

Have you also heard that Rs 500 and Rs 1000 notes are still being exchanged? So what you have heard is just a rumour. This has been clarified by us or RBI. The notes demonetized by the Reserve Bank of India (RBI) in November 2016 have been withdrawn from circulation and are now completely illegal. During demonetisation, RBI gave ample opportunity to the public to exchange and deposit notes with banks within a fixed period.

After this incident, it is being said that there is an attempt to mislead the RBI. Earlier, Delhi Police seized old notes worth Rs 3.5 crore. While investigating the matter then, it came to light that some people were misleading the public by spreading false information that old notes can still be exchanged. As soon as this is disclosed, RBI no longer accepts these notes under any circumstances. If anyone has such notes, they are now worthless. Explained that.

The central government has clarified the rumors about the exchange of old notes. The government’s PIB, through an investigation, has put an end to such claims. A news that went viral on social media claimed that the RBI had implemented new rules to replace the old ₹500 and ₹1000 notes, while a PIB fact check declared it fake. The agency clarified that no such rule has been issued by the RBI.

A new design has been issued to replace the old Rs 500 note, while the Rs 1000 note has been discontinued permanently. RBI advises to rely only on RBI official website for any financial information. Inaccurate information can lead to financial loss, so it is very important to be vigilant in such cases.