TNM Fact Check: The pictures of 'new' Rs 1000 notes are fake

Several posts on social media warned people to return their 2000-rupee notes to the banks, stating that the RBI was planning to withdraw them.
TNM Fact Check: The pictures of 'new' Rs 1000 notes are fake
TNM Fact Check: The pictures of 'new' Rs 1000 notes are fake
Written by:

Have you noticed this tweet? According to the image in this tweet, the Reserve Bank of India or RBI will now print 1000-rupee notes. The thousand-rupee notes were withdrawn from circulation by the government of India following the 2016 Indian banknote demonetisation. This tweet says that these notes are going to be printed in a new design and circulated again. However, this is false news.

The notes are fake and the design comes out of an artistic imagination – the signature you see on the notes is of Mahatma Gandhi and not the RBI governor’s as it should be.

The fake news that got circulated through social media posts on Twitter and other platforms also said that the RBI will withdraw the 2000-rupee notes that it began printing since the demonetisation and will reintroduce the 1000-rupee notes as shown in the picture.

It was after the demonetization in November 2016 that the 2000-rupee notes were announced. People had to return the 1000-rupee and 500-rupee notes which were in circulation before. These fake news posts warned that people would similarly have to return their 2000-rupee notes to the banks. The posts also added that the notes will not be taken after October 10, 2019.

However, there is no such information published on the official website of the RBI. According to the Quint, RBI official Yogesh Dayal confirmed that the RBI had not released any announcement of this nature.

If you notice more such fake news reports that require fact checking, do write to us: email@thenewsminute.com.

Watch the video:

Loading content, please wait...

Related Stories

No stories found.
The News Minute
www.thenewsminute.com