Are Rs 500 currency notes going to be phased out by 2026? Here’s what government has said
The public is confused by a widely shared video on YouTube that claims the Reserve Bank of India (RBI) intends to discontinue issuing Rs 500 notes by March 2026. A YouTube channel named Capital TV channel (capitaltvind) posted a video regarding this, which immediately went viral and made many wonder if the Rs 500 note is being phased out or not.What is the rumor regarding the Rs 500 currency note?The video claims that the RBI is working on a phased withdrawal of Rs 500 currency notes, with the process supposedly...