Rs 500

Finance Ministry data shows a fourfold rise in fake Rs 500 notes since 2018 and Rs 2,000 counterfeits tripled since 2021

"The RBI emphasizes that these reports are not correct," the regulator said in a press release

Business Standard brings you the top headlines at this hour

Following these claims, the central bank has urged the public to rely on the information published by itself in cases pertaining to such matters

The Reserve Bank of India believes that households in India hold more high-value currency notes at home while substituting lower-value notes with digital transactions

The bank officials said the misprinted notes were received as such from RBI

You can also use them to pay taxes, penalty and fees to govt till midnight of November 11. Economic Affairs Secretary Shaktikanta Das today tweeted: "Old 500, Rs 1000 notes to be accepted for payment of fees, charges, taxes, penalty to central and state governments, including municipalities and local bodies." Such old notes to be accepted for payment of utility charges like water and electricity, he said. "Above facilities to be available till November 11 midnight. Records to be maintained," Das tweeted. Exemptions have also been made for payments at government hospitals, milk booths, ...