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Fact-check: Govt dismisses fake Rs 500 notes claims over proximity of green strip

PIB fact check busts rumours claiming currency notes of Rs 500 are fake in which the proximity of the green strip is not near to the Reserve Bank of India (RBI) Governor's signature.

Written by: Shashwat Bhandari @ShashBhandari New Delhi Updated on: May 11, 2022 21:13 IST
PIB fact-check on Rs 500 currency notes.
Image Source : @PIBFACTCHECK

PIB fact-check on Rs 500 currency notes.

Highlights

  • PIB fact-check has refuted claims over Rs 500 being fake over proximity of green strip
  • Claims say Rs 500 are fake in which proximity of green strip is near Mahatma Gandhi's photo
  • PIB fact-check busted these claims being made on social media

Press Information Bureau (PIB) in a fact check has dismissed rumours saying that those Rs 500 currency notes in which proximity of green strip is not near to Reserve Bank of India (RBI) Governor's signature are fake notes.

Busting rumours, RBI said that proximity of the grip strip to RBI Governor's signature or Mahatma Gandhi's image is not an indicator whether the note is fake or real.

Taking to Twitter, PIB said, "It is being claimed in a message that the Rs 500 note is fake, in which the green stripe is not near the RBI governor's signature but near the picture of Gandhiji."

"#PIBFactCheck This claim is #Fake. @RBI According to this, both types of notes are valid," it said.

In a document attached in the tweet, PIB said, "The new ₹ 500 notes in the Mahatma Gandhi (New) Series are different from the present series in colour, size, theme, location of security features and design elements. The size of the new note is 66mm x 150mm. The colour of the notes is stone grey and the predominant new theme is the Indian heritage site - Red Fort.”

The Rs 500 denomination banknotes in the Mahatma Gandhi (New) series bear signature of the Governor, Reserve Bank of India, The note has motif of "Red Fort" on the reverse, depicting the country's cultural heritage. The base colour of hte note is stone grey. The note has other design and geometric patterns aligning with the overall colour scheme, both at obverse and reverse.

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