Fact Check: Have A ₹500 Note With A Star Mark? No, It’s Not Fake

Amid viral messages claiming otherwise, the government has confirmed that ₹500 notes with a star symbol are genuine and legal.

Amid viral messages claiming otherwise, the government has confirmed that ₹500 notes with a star symbol are genuine and legal. (Rep Image)
Photo : iStock

Amid growing concerns on social media over ₹500 currency notes marked with a star, the Press Information Bureau’s (PIB) has clarified that these banknotes are not fake and have been legally in circulation since 2016. In a post on X, the official fact-checking arm of the PIB addressed the concerns over the authenticity of these notes.
“Do you have a ₹500 note with a star symbol (*)? Are you worried it’s fake? Fret no more!” the tweet read.
The PIB confirmed that the message deeming such notes as fake is false and that star-marked ₹500 banknotes have been in circulation since December 2016.

The Reserve Bank of India (RBI) had earlier introduced star-marked banknotes as part of a system for replacing notes that are damaged or misprinted during the printing process. These notes carry the same security features and design as standard currency but include a star symbol in the number panel.

Source : https://www.timesnownews.com/india/fact-check-have-a-rs-500-note-with-a-star-mark-no-it-is-not-fake-says-pib-article-152384688

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