A claim circulated that pre-2005 Indian rupee notes—specifically Mahatma Gandhi series notes—might be discontinued, prompting concerns about a potential “demonetisation” move. The reports led to public confusion and fears that the government or banking system could be preparing another round of note withdrawal similar to earlier demonetisation events.
According to the bank’s clarification reported by NDTV, there is no plan to discontinue pre-2005 ₹ notes. The bank’s response directly addresses the allegation and states that the feared action is not in place. The fact-check coverage notes that the renewed rumours appeared to be based on earlier chatter rather than an official announcement.
Overall, the sources agree that the claim is unsubstantiated and that the bank has denied any such measure. Until any official policy change is announced by relevant authorities, pre-2005 notes are not being withdrawn under the reported scenario.
