Social media users are sharing posts, claiming that the Reserve Bank of India ( RBI ) has announced 'new rules' to exchange ₹500 and ₹1000 notes, which were demonetised in 2016.

(Archives of more posts sharing this claim can be seen here and here .)

Is it true?: No, the claim is false.

The RBI has not issued any guidelines for people to exchange 10-year-old demonetised notes.

How do we know?: We ran a keyword search for any reports, news, or updates about the ₹500 and ₹1000 banknotes that were demonetised in 2016.

The search did not show us any credible reports or official announcements.

We then looked for more information on the RBI's website.

Here, we saw that their newest press release, dated 3 November 2025, was about money market operations for 2 November.

The latest

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