Indian money news : A new Rs 500 note has been issued. Mahatma Gandhi is the father of the nation and his picture is printed on the country’s currency, but recently the news is going viral that the government is going to launch a new 500 rupees note from January 22. Now whose photo will be printed on the notes, and what is the truth of this news, let’s know its full details below…
New Delhi: On January 22, 2024, the Reserve Bank of India (RBI), the regulator of the banking sector, is going to issue a new Rs 500 series note with pictures of Lord Shri Ram. Is the Reserve Bank of India (RBI) going to issue a Rs 500 note with pictures of Lord Ram and the Ram temple being built in Ayodhya?
As the temple of Lord Shri Ram in Ayodhya is going to be consecrated on the 22nd, the photo of the 500 rupee note with the pictures of Lord Shri Ram and the Ram temple being built in Ayodhya is becoming increasingly viral on social media.
The Rs 500 note has a picture of Mahatma Gandhi, while the Rs 500 note has a picture of Lord Ram. Recently, a Rs 500 note with a picture of Lord Ram has been trending on social media.
A portrait of Lord Ram is to be installed
In the viral news, it is being told that the picture of Mahatma Gandhi hidden on the top of the 500 note will be removed by the RBI and the picture of Lord Shri Ram will be printed on top of it. What does the RBI say about this? In fact, on January 22, there will be a Pran Pratishtha program at the temple of Lord Shri Ram in Ayodhya.
Pictures of Lord Ram and the temple being built in Ayodhya along with the ₹500 note are going viral on social media. In the viral note, instead of Mahatma Gandhi’s picture, a picture of Lord Shri Ram has been put. Instead of the picture of the Red Fort, the picture of Shri Ram Mandir has been put.
RBI to issue a new series of banknotes?
New Delhi: The Reserve Bank of India (RBI) has issued new Rs 500 notes. According to sources, the Rs 500 note that is going viral with pictures of Lord Shri Ram is fake. Ashwani Rana, founder of Voice of Banking, said, “No such announcement or information has been given by the central bank.
“This is fake news,” he said. The Reserve Bank of India (RBI) will not issue new Rs 500 notes. This is not the first time that the Reserve Bank of India (RBI) has issued new Rs 500 notes.
In June 2022, it was reported that the RBI was considering replacing the image of Mahatma Gandhi on existing currency and banknotes with a new series of notes featuring Rabindranath Tagore and Missile Man, former President APJ Kalam. After this, the Reserve Bank of India (RBI) had to come out to refute this news. The central bank had then said that no such proposal had come before the RBI.
RBI clears Rs 500 denomination notes
New Delhi: The Reserve Bank of India (RBI) has issued new guidelines for the circulation of Rs 500 currency notes. The Reserve Bank of India (RBI) has said that if you have received a banknote with a star in the middle of the series, then it is as valid as any other note.
The Reserve Bank of India (RBI) said in a statement that the star mark has been added to the numeral panel on the note to be issued in place of the misprinted note. The Reserve Bank of India (RBI) has taken cognizance of the star sign after some people compared it with other Rs 500 notes, calling it fake or illegal.
The Reserve Bank of India (RBI) said that the notes with star marks are issued in lieu of notes with the wrong serial numbers printed on them. The star is placed between the number of the note and the first letter of the note.
This is the meaning of the star sign on the note
The RBI clarified that the banknote with the star mark is the same as any other legal tender. The star mark on the notes simply indicates that it has been issued in place of an altered or reprinted note.
Let us tell you that the introduction of the Star Note was started in 2006 to make the printing of the note easier and to reduce the cost. Earlier, the RBI used to replace a misprinted note with a corrected note of the same number.
RBI to discontinue Rs 5 coin
In the recent past, you must have noticed that old, thick coins of Rs 5 have stopped coming to the market. Simply put, the old Rs. 5 coins have stopped being made. Only the coins that are left in the market are running. But do you know why the Reserve Bank of India has done this and why the RBI has created a new type of coin by closing these coins?
Actually, there was a very good reason for that. In fact, the old Rs. 5 coins were quite thick, so more metal was used to make these coins.
The metal from which these coins were made—the blade making the beard—is also made of the same metal. When some people came to know about this, they started taking advantage of it.
The value of the Rs 5 coin was more than the surface value
The price of each coin varies in two ways. The first is the surface value, and the second is the metal value of the coin. The surface value is what is written on the coin. Like 5 is written on the coin, and there is a metal value; how much is the price of the metal used to make it? Thus, when the old $5 coin was melted down, its metal value was much higher than its surface value. Taking advantage of this, blades started to be made from this coin.
When the coin began to decline in the market and the government took notice of it, the Reserve Bank of India (RBI) made the Rs 5 coin thinner than before and also changed the metal used to make it. As a result, the RBI was forced to discontinue these coins. The Reserve Bank of India (RBI) has issued new Rs 5 and Rs 10 banknotes. Because of this, many shopkeepers refuse to accept these coins of 5 and 10 rupees. The Reserve Bank of India has clarified this.
These coins are currently in circulation.
The RBI said that apart from the Rs 10 coin, coins of Rs 1, Rs 2, and Rs 5 are in circulation. All these coins are issued with more than one design. In such a situation, all kinds of coins are valid, and no one can refuse them by calling them fake.
According to the RBI, so far only coins of 25 paise or less have been banned, and their circulation has been stopped. At the same time, 50 paise coins are not issued, but they are still present in the system, and no one can refuse to take them.
What should you do if you refuse to take a coin?
If a person or shopkeeper refuses to accept Rs 5 and Rs 10 coins, then a complaint can be filed against him, and the shopkeeper can face strict legal action. According to the NCIB, an FIR can be filed against it under the Indian Currency Act and sections 489 (A) to 489 (E) of the IPC. You can also call the police for immediate assistance.
