Stakeholders addressed a developing story on June 2, 2026 as source materials described the development without repeating the full headline wording. India’s Press Information Bureau fact-check unit said on June 2 that the RBI has not cancelled Rs 500 banknotes.
Authorities also said viral WhatsApp messages claiming demonetisation of the denomination were false, the PIB alert stated. The RBI continues to issue and exchange Rs 500 notes as legal tender.
Observers will watch whether follow-up orders alter the current framework.
Created by Ayen Stabel.
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Sources:
https://factcheck.pib.gov.in/rbi-500-notes