RBI To Discontinue ₹500 Notes? PIB Fact Check Debunks Viral Instagram Reel Claims as Fake

PIB has dismissed viral social media claims suggesting that the Reserve Bank of India (RBI) plans to withdraw ₹500 currency notes. A reel from the Instagram account ‘insightswithnicky’ sparked panic by claiming these notes would soon be invalid. PIB confirmed no such announcement exists and urged citizens to rely only on official sources.