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Fact check: Viral YouTube claim about ₹500 note ban in 2026 is false, confirms PIB

News RoomBy News RoomJune 4, 2025Updated:June 4, 20253 Mins Read
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Over the past two years, the Prime Minister’s基准 < Further information about this article, including its content , should be accessed via its official source. For additional information about the Reserve Bank of India, FetchMoney, and other monetary policy developments, please visit its official website. )

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### The ₹500 NoteİZDeowr

A viral YouTube video claims that the Reserve Bank of India (RBI) will stop the circulation of the ₹500 coin from March 2026, ahead of the upcoming general elections. This claim wasalgo-narrated by a YouTube channel and has Generate a lot of attention and scrutiny. The video allegedly states that the Reserve Bank of India has not made any such announcement, and the ₹500 notes remain legal tender for the country. This is a reported issue by the Press Information Bureau (PIB) as its authenticity and credibility have gained a lot of debate.

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### The PIB’s Denial

However, the PIB has conclusively denied the claim. Within a day of the alleged claim, the Reserve Bank of India confirmed that it maintains the status of the ₹500 coin as legal tender and has not announced any plans to phased- out the notes. This dual-faceted narrative maintains the immensely status of the ₹500 coin as the primary reserve currency for India.

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### Facts from the Reserve Bank

The Reserve Bank of India’s recent statement is consistent with affirmation of the status of the ₹500 coin as legal tender and logically aligns with the Reserve Bank of India’s policy of ‘patrichat’ behavior. Traditional coins have been a core component of India’s monetary system, with the inclusion of the ₹500 coin in the denomination of RUP. However, this has changed in the last seven years, encouraging phased- out from public circulation starting in 2026.

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### Avoiding Unverified Claims

The claim has drawn widespread attention, particularly among the masses and the media. The information has lead to various theories of_streaming, questioning the ethical implications of such minute claims. Meanwhile, people in India are advised to always verify official information before spreading believes or lionizing such renders. It is irresponsible to share false or unverified information, as it can create unnecessary panic.

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### Farmers and.Promises

The article also touches upon the notion of farmers and their assertion of rights. This, however, remains as a secondary concern. Theverified facts provided by the Reserve Bank and its announcement reaffirm the legal tender status and the refractory nature of the ₹500 coin in India. For step-by-step verification and guidance, consulting the official sources is the most prudent approach.

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