In its social media, the Indian government controls the X platform handle, explaining that the claims for the upcoming alleged “demonization” in March 2026 were false and tried to spread misinformation between masses through social media platforms.
What was the claim?
According to the official post of PibFactcheck released on Tuesday, June 3, 2025, the video became viral on social media, in which the news anchor from the “Capital TV” channel from YouTube claimed that India was set to break the circulation £500 Bannotes Effective March 2026.
“Video #youtube on the channel YT“ Capital TV ”(Capitaltvind) falsely claiming RBI interrupts circulation £500 notes by March 2026, ”according to PibFactcheck’s contribution on the X platform.
What does the Indian government say?
The Indian government has issued this statement about social media and issued an official “control of reality” stating that the Central Bank of the Nation, the Indian Reserve Bank (RBI), did not make such notifications of potential or upcoming demonization.
The government also assured the inhabitants of the nation that £500 Bannotes “not interrupted” and continues to serve as an “legal offer” of official Indian currency.
The government also warned people to stay on “false messages” and videos that spread on social media platforms and did not believe anything unless it came out of official sources like RBI.
“Do not fall on such misinformation. Always verify messages from official sources before you believe or share them!” The Indian government said, warning people of similar misinformation circulating on social media platforms.
New £20 banknotes
In May 2025 India Reserve Bank of India (RBI) announced that she will soon release a new £20 banknotes with the signature of Governor Sanjay Malhotry on them.
“The Indian reserve bank will soon be issued. £20 Denomination Bannotes in the Mahatma Gandhi series with Shri Sanjay Malhotra, Governor. The proposal of these notes is similar in all respects £20 banknotes in the Mahatma Gandhi series, ”said RBI.
RBI also revealed that £In all other aspects, including design, there will be similar notes on the new series of notes that circulate in the nation, except for the signing of the new governor.
The central bank also assured the inhabitants of the nation that all banknotes that contain the designation £20 issued by RBI in the past, according to official release, will organize legal payment in India.
(Tagstotranslate)
