New Delhi, Jan. 2 -- The Press Information Bureau (PIB) has issued a fact-check report after several social media posts claimed that the Reserve Bank of India (RBI) will discontinue the circulation of Rs.500 notes by March 2026.

Labelling the speculation as 'fake', the government media agency clarified that the central bank has not made any such announcement regarding the discontinuation of Rs.500 currency notes.

"Some social media posts claim that the Reserve Bank of India will discontinue the circulation of Rs.500 notes by March 2026. PIBFactCheck: This claim is fake! RBI has made NO such announcement," PIB said in an X (formerly Twitter) post.

The agency further stated that Rs.500 notes continue to be a valid legal tender, which mea...