Vikash Sharma

Following the demonetization move five years ago, rumours have frequently been doing rounds regarding the newly introduced Indian currency notes in the denomination of Rs 500 and Rs 2,000.

In one such video, which has gone viral on various social media platforms, a warning has been issued to people not to accept Rs 500 notes having specific features.

In the video, it has been claimed that the notes which carry a green strip adjacent to the picture of Mahatma Gandhi, instead of near the Reserve Bank of India governor’s signature, are fake.

In the video it has been clearly claimed that the Rs 500 notes having the RBI and Bharat (in Hindi) inscriptions on the security thread near the portrait of Mahatma Gandhi are counterfeit. Claims were made that people should only accept the notes which have the RBI-printed ribbon near the signature of the RBI governor.

The government was quick to respond to such claims made in the viral video. PIB’s Fact Check found that the claims made in the viral video are fake.

In a video, PIB stated that both types of Rs 500 notes, with the green strip near the RBI governor’s signature or the picture of Mahatma Gandhi, are both valid currency notes.



It is pertinent to mention here that fake news was circulated regarding the Rs 2000 denomination note last year. In the news, it was claimed that the RBI had stopped printing Rs 2,000 notes for which ATMs were only dispensing Rs 100, Rs 200 and Rs 500 denomination notes.

Know Your Bank Notes

-The Rs 500 denomination banknotes in the Mahatma Gandhi (new) series bear the signature of the RBI Governor.

-The note has the motif of Red Fort on the reverse, depicting the country’s cultural heritage.

-The base colour of the note is stone grey.

-The note has other designs and geometric patterns with overall colour scheme, both at obverse and reverse.