Centre Clarifies On Exchange Of Old ₹500 And ₹1000 Notes
Hyderabad, Nov. 7: The Central government has clarified that demonetised ₹500 and ₹1000 notes cannot be exchanged under any new rule.
A viral social media post claimed that the Reserve Bank of India (RBI) had introduced fresh guidelines for exchanging the old notes, which were withdrawn in 2016. The government dismissed the claim as false.
No New RBI Rule for Old Notes
According to the Press Information Bureau (PIB) Fact Check, reports suggesting that the RBI had reopened the exchange window for demonetised currency are fake. The agency confirmed that the RBI has not made any such announcement. It urged citizens not to share misleading information or forward unverified social media messages.
The government reminded the public that information related to currency regulations and official updates can be verified only through the RBI’s official website https://rbi.org.in/.
The old ₹500 and ₹1000 notes, which were scrapped as part of the 2016 demonetisation drive, remain invalid and cannot be exchanged through any bank or institution.
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