Fact Check: No New Guidelines for Exchanging Old Rs 500 and Rs 1000 Notes
Fact Check: Can You Exchange Old Rs 500, Rs 1000 Notes Now? What Govt Says
News 18
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Claims that the Reserve Bank of India (RBI) has issued new guidelines for exchanging old Rs 500 and Rs 1000 notes are false. The RBI has confirmed that the window for exchanging these discontinued notes has closed since the demonetization announcement in November 2016.
- 01The Reserve Bank of India has not issued new guidelines for exchanging old Rs 500 and Rs 1000 notes.
- 02The window for exchanging these notes closed after the demonetization announcement in November 2016.
- 03The Press Information Bureau (PIB) has debunked recent claims as fake.
- 04Citizens are advised to verify suspicious messages regarding currency exchange.
- 05The RBI remains the only authentic source for updates on financial regulations.
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Nearly a decade after the Indian government's demonetization of old ₹500 and ₹1000 notes in November 2016, recent claims suggesting that the Reserve Bank of India (RBI) has reopened the exchange window have been debunked as false. The Press Information Bureau (PIB) confirmed that the RBI has made no such announcement and reiterated that the exchange window for these discontinued notes has long since closed. Citizens who found old notes after the deadline are unable to exchange them. The PIB also cautioned the public against forwarding unverified messages and encouraged them to verify any suspicious information by contacting the PIB Fact Check unit through WhatsApp or email. The RBI's official website remains the primary source for updates on currency-related matters.
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