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Rs 500 Note Discontinuation Rumor Debunked: PIB Fact Check Confirms No RBI Directive

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Rs 500 Note Discontinuation: A Rumor Put to Rest

Worried about the future of your Rs 500 notes? Don’t be! Recent online rumors suggested that the Reserve Bank of India (RBI) was planning to phase out the Rs 500 currency note by 2026. Thankfully, these claims have been officially debunked.

PIB Fact Check Confirms: Rs 500 Note Remains Legal Tender

The Press Information Bureau (PIB) Fact Check, a government agency responsible for verifying information and combating misinformation, has stepped in to clarify the situation. Their official statement confirms that the RBI has issued *no* directive regarding the discontinuation of the Rs 500 note. You can continue to use your Rs 500 notes without worry.

What This Means for You

This clarification brings much-needed relief and prevents unnecessary panic. The Rs 500 note continues to be an important part of India’s currency system and remains legal tender. Keep using your Rs 500 notes with confidence.