500 Rupee Note Holder Alert: The RBI has released significant information on the 500 Rupee Note. Please see the update right away

 500 Rupee Note Holder Alert: The RBI has released significant information on the 500 Rupee Note. Please see the update right away

500 Rupee Note Holder Alert: In response to the circulating speculations over the Rs 500 note, the RBI has clarified whether or not the note with a star in the center of its serial number is real. In this case, what does the star mean?

Regarding the Rs. 500 note, there was a buzz on social media that the RBI also needed to step forward. The Reserve Bank of India has refuted all the concerns raised on social media over the legitimacy of the note with the star symbol (*). The RBI has said that in this instance, if you have a bank note with a star in the center of the series, it is just as genuine as any other note.

Understand what the RBI said.

The RBI said that the incorrectly printed note has been replaced with a star mark on the number panel of the note that would be issued. When some individuals saw this star mark and thought it was false or illegal, they compared it to another 500 rupee note. The RBI took notice and provided information. According to the Reserve Bank, notes with a star symbol are sent in place of incorrectly printed notes in a bundle with serial numbers. The note's number and the letters that need to be put before it are separated by this star symbol.

What does the star mark on the note mean?

The Reserve Bank has said unequivocally that the star-marked bank note is equivalent to any other form of lawful money. Its star indicates just that it is a replacement note, not an edit or reprint. Let us inform you that the star note trend began in 2006 with the intention of simplifying and lowering the cost of note production. The Reserve Bank used to swap out incorrectly printed notes with proper ones with the same number in the past.