In recent weeks, social media has been flooded with claims that the Reserve Bank of India (RBI) is planning to issue a new ₹5000 currency note after the withdrawal of the ₹2000 note. Images and videos showing a supposed design of the ₹5000 note have also gone viral, creating confusion among the public. As during previous currency-related rumours, many people fear another major shift in the cash system. However, the reality behind these claims is very different from what is being circulated online.
RBI Confirms No Plan to Introduce Any ₹5000 Note
The Reserve Bank of India has repeatedly clarified that it has not proposed, announced or discussed the introduction of a ₹5000 note. After discontinuing the ₹2000 note in 2023, the RBI has strengthened production of lower denominations such as ₹500, ₹200 and ₹100 to support easier transactions.
The central bank has also been promoting digital payments to reduce the need for high-value currency. Therefore, the introduction of an even higher denomination like ₹5000 goes against its current monetary strategy. Any official currency change is always announced through press releases, and so far no such announcement has been made.
What Caused the Confusion Among Public?
The rumours appear to be sparked by edited images and misleading posts that claim to show “leaked designs” of a new ₹5000 note. These images often look realistic, causing people to believe the information without verification.
In the past too, similar fake notes of ₹1000, ₹5000 and even ₹10,000 went viral, but the RBI confirmed each time that none of them were genuine. As demonetisation memories remain fresh for many Indians, speculations about new currency denominations tend to spread quickly.
What the Public Should Know
Citizens are advised to rely only on official RBI notifications and avoid believing social media rumours. There is no new ₹5000 note being printed or planned for circulation in India. The current currency system remains unchanged, and the RBI continues to focus on stable denominations and digital payment growth. Staying informed and verifying information can help prevent unnecessary panic and confusion among the public.