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A message is currently going viral on social media claiming that old ₹10, ₹20, ₹50, and ₹100 notes printed before 2005 will cease to be valid from July 1st. The message bears the official logo of the Bank of Maharashtra and appears to be a genuine government notice. Upon seeing this claim, fears of demonetization resurfaced among the public. Everyone wants to know whether the Reserve Bank of India (RBI) has actually taken such a decision or if it is merely a baseless rumor.

The government has now categorically denied this claim, stating that it is a fake post and that the Bank of Maharashtra has issued no such notice. The Press Information Bureau (PIB) has taken cognizance of this viral message. A PIB Fact Check has labeled the claim as fake and fabricated. The PIB clarified that the notice circulating on social media has no legal basis; neither the government nor the Reserve Bank has taken any decision to discontinue these smaller denomination notes.

**Bank of Maharashtra Issues Clarification**

The Bank of Maharashtra has also dismissed the viral message as fake. In a clarification, the bank stated that the information being circulated on social media in its name is entirely incorrect and baseless. The bank has appealed to its customers and the general public not to believe such rumors or forward them to others.

**Old Notes Remain Legal Tender**

Responding to this fake message, the Reserve Bank of India (RBI) reiterated that ₹10, ₹20, ₹50, and ₹100 notes printed before 2005 remain valid legal tender. The central bank acknowledged that it had previously encouraged the public to exchange old Mahatma Gandhi series notes for new ones to enhance security features, but no ban was ever imposed on these notes. These older notes remain fully valid for transactions today. Appeal to Avoid Rumors

This rumor spread rapidly partly because memories of the 2016 demonetization—when ₹500 and ₹1,000 notes were abruptly withdrawn—remain fresh in people's minds. The PIB and RBI have now clarified that there are no plans to discontinue smaller denomination notes. The government has warned against blindly believing any news related to banking or currency; before accepting such information as true, one should verify it through the official RBI website or PIB Fact Check.

Disclaimer: This content has been sourced and edited from News18 Hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.