Fact Check: RBI Has Not Announced Rs 5,000 Banknotes, Viral Post Is Making False Claim

A viral image is claiming that RBI has issued notes of Rs 5,000 denomination. The fact-checking wing of PIB took to social media labelling the claim as "fake".

Viral image of the purported Rs 5,000 note being shared on social media.

Source : The Quint

An image which shows a Rs 5000 note is being circulated on social media platforms with the claim that the Reserve Bank of India (RBI) will soon be releasing the said denomination.

(Source: Facebook/Screenshot)

An archive of the post can be found here.

The image is being widely shared on different platforms, such as Facebook and Threads. (Archives of such claims can be found here, here, and here.)

What's the truth?: There is no evidence to prove that the RBI is releasing the series of Rs 5000 notes.

• Moreover, the fact-checking wing of the Press Information Bureau (PIB) clarified that the viral claim is false and no such announcement has been made.

No information on RBI's official website: On going through the official website of the RBI, we did not find any press release announcing the release of any new denomination.

• However, in a recent press release, the country's central bank published the status of withdrawal of Rs 2000 banknotes.

• The release dated 1 January said that about 98.12 percent of the said banknotes in the circulation as on 19 May 2023 has been returned.

The press release was shared on 1 January. (Source: RBI/Screenshot)

• The Frequently Asked Questions (FAQs) section clearly stated that banknotes are being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500, and Rs 2000.

The FAQ section did not mention anything about Rs 5000 notes. (Source: RBI/Screenshot)

• We further found images of the set of banknotes that are currently issued by the RBI. This, too, did not carry a picture of the Rs 5000 note.

The image shows the list of notes issued by the RBI. (Source: RBI/Screenshot)

No credible news reports: Team WebQoof did not find any credible news reports or information available in the public domain to claim that such an announcement has been made by the RBI.

PIB's fact-checking wing clarifies: The official X handle of the PIB's fact-checking wing dismissed the viral claim and called it "fake".

• The post was shared on 4 January and further said that no such decision has been taken by the RBI.

• This corroborated our findings and made it clear that the claim of Rs 5000 banknotes being issued is false.

सतर्क रहें ⚠️

सोशल मीडिया पर दावा किया जा रहा है कि भारतीय रिजर्व बैंक द्वारा ₹5000 के नए नोट जारी किए जाएंगे#PIBFactCheck

✅ यह दावा फर्जी है

✅ @RBI द्वारा ऐसा कोई निर्णय नहीं लिया गया है

✅ आधिकारिक वित्तीय जानकारी हेतु वेबसाइट https://t.co/WejSLtVo5O पर विजिट करें pic.twitter.com/CWTBocG62m— PIB Fact Check (@PIBFactCheck) January 4, 2025

Conclusion: It is evident that the RBI has not announced the release of Rs 5000 banknotes.

[This story was originally published by The Quint, as part of the Shakti Collective. Except for the headline and excerpt, this story has not been edited by ABP LIVE staff.]