Fact-Check: No, RBI Has Not Announced the Release of Rs 5000 Banknotes
An image which shows a Rs 5000 note is being circulated on social media platforms with the claim that the Reserve Bank of India (RBI) will soon be releasing the said denomination.
An archive of the post can be found here. (Source: Facebook/Screenshot)
What's the truth?: There is no evidence to prove that the RBI is releasing the series of Rs 5000 notes.
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Moreover, the fact-checking wing of the Press Information Bureau (PIB) clarified that the viral claim is false and no such announcement has been made.
No information on RBI's official website: On going through the official website of the RBI, we did not find any press release announcing the release of any new denomination.
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However, in a recent press release, the country's central bank published the status of withdrawal of Rs 2000 banknotes.
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The release dated 1 January said that about 98.12 percent of the said banknotes in the circulation as on 19 May 2023 has been returned.
The press release was shared on 1 January. (Source: RBI/Screenshot)
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The Frequently Asked Questions (FAQs) section clearly stated that banknotes are being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500, and Rs 2000.
The FAQ section did not mention anything about Rs 5000 notes. (Source: RBI/Screenshot)
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We further found images of the set of banknotes that are currently issued by the RBI. This, too, did not carry a picture of the Rs 5000 note.
The image shows the list of notes issued by the RBI. (Source: RBI/Screenshot)
No credible news reports: Team WebQoof did not find any credible news reports or information available in the public domain to claim that such an announcement has been made by the RBI.
PIB's fact-checking wing clarifies: The official X handle of the PIB's fact-checking wing dismissed the viral claim and called it "fake".
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The post was shared on 4 January and further said that no such decision has been taken by the RBI.
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This corroborated our findings and made it clear that the claim of Rs 5000 banknotes being issued is false.
सतर्क रहें ⚠️
— PIB Fact Check (@PIBFactCheck) January 4, 2025
सोशल मीडिया पर दावा किया जा रहा है कि भारतीय रिजर्व बैंक द्वारा ₹5000 के नए नोट जारी किए जाएंगे#PIBFactCheck
✅ यह दावा फर्जी है
✅ @RBI द्वारा ऐसा कोई निर्णय नहीं लिया गया है
✅ आधिकारिक वित्तीय जानकारी हेतु वेबसाइट https://t.co/WejSLtVo5O पर विजिट करें pic.twitter.com/CWTBocG62m
Conclusion: It is evident that the RBI has not announced the release of Rs 5000 banknotes.
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
