Is the ₹ 500 note valid or will be closed?Read the official information of RBI 500 Note Ban

500 Note Ban: Recently, various types of reports about ₹ 500 note are going viral on social media.It is being claimed in many places that the ₹ 500 note is also going to be closed now.But the reality is something else.The Reserve Bank of India (RBI) has issued a clear statement on this.Let's know the complete information in detail.

₹ 500 note will not stop

The RBI has made it clear that the ₹ 500 note is currently the most used currency and there is no plan to close it.For some time its availability in banks or ATMs may decrease, but this does not mean that this note is getting out of trend.

Do not pay attention to rumors

Since the closure of the ₹ 2000 note, fear and rumors had started spreading among the people.Many fake posts are going viral on social media, in which it is being said that now the ₹ 500 note will also be closed.But the RBI has appealed to the public not to pay attention to such rumors and rely only on the official __ph6__.

New rule on bad and torn notes

Often people have a problem that the ATMs get torn or old notes or shopkeepers refuse to take such notes.Removing this problem, RBI has instructed all banks to accept bad, dirty or slightly torn notes and give customers a new note of the same price.This rule is a big relief for the general public because now there will be no debate or trouble on changing such notes.

How to identify fake notes

The problem of fake notes of ₹ 500 has been persisted for a long time.In view of this, the RBI has given some easy identity methods - real and fake notes can be identified by looking at these signs.If you get fake notes, it should be reported to the bank immediately.

Which notes will be considered "unfit"

The RBI has also clarified which notes will not be considered worthy of circulation.Such notes will be considered "unfit" and can be easily changed from the bank.No fee will be charged from customers for this.