PIB Debunks Viral Claim: 500 Rupee Notes Remain Valid, Not Discontinued From March

• Social media rumors claimed 500 rupee notes would be discontinued by the Reserve Bank of India from March.
• PIB Fact Check declared these claims as completely baseless and irrelevant.
• The central government and RBI have made no such statement and have no plans to discontinue 500 rupee notes.
• PIB confirmed via an X post that the news is false and 500 rupee notes are valid for all transactions.
• Similar fake news about 500 rupee notes being discontinued had spread last year as well.

Why It Matters: Don't believe social media rumors; PIB confirms 500 rupee notes are valid and will not be discontinued.