Do You Have an Old ₹500 Note? RBI's New Rules You Must Know

RBI has issued crucial guidelines regarding ₹500 notes. If you possess one, here's what you need to know to avoid potential trouble.

Key Updates About ₹500 Notes

1. How to Identify a Genuine ₹500 Note:

   • Look for the word “भारत” written in microtext near Mahatma Gandhi's portrait.
   • The security thread on the note shifts color from green to blue when tilted.
   • Serial numbers have a distinct pattern.
   • The Ashoka Pillar emblem and the Swachh Bharat Abhiyan logo must be clearly visible.

2. What to Do with Old or Damaged Notes:

   • If your ₹500 note is damaged or old, you can exchange it at your nearest bank.

What Actions Should You Take?

• If You Suspect a Fake Note:

  • Immediately report it to your bank or the local police.
  • Remember, using counterfeit notes is a punishable offense.

• For Replacing Damaged Notes:

  • Visit a bank branch and exchange the damaged note for a new one.
  • Carry a valid ID proof when visiting the bank for note exchange.

Important Reminders

• Always verify notes carefully to avoid counterfeit currency.
• If a fake note is dispensed from an ATM or bank, notify the concerned bank immediately.
• For detailed information, visit the official RBI website or consult your bank.

Stay informed and cautious to ensure the safe use of currency!

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