The Reserve Bank of India (RBI) has replied to rumours concerning the Rs 500 note and stated whether the Rs 500 note with the star in the middle of the serial number is real or counterfeit. In this case, what does the star mean?
Regarding the Rs. 500 note, there was a rumour 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 bearing the star symbol (*). The RBI has stated that in this instance, if you have a bank note with a star in the centre of the series, it is just as genuine as any other note.
In a statement issued by RBI, the star mark has been added to the number panel on the note to be issued in place of the wrongly printed note. Seeing this star mark, some people compared it to another 500 rupee note and called it fake or illegal, after which RBI took cognizance and gave information. The Reserve Bank said that notes with a star mark are issued instead of wrongly printed notes in a bundle of notes with serial numbers. This star mark is placed between the number of the note and the letters to be entered before it.
Reserve Bank of India clarifies on Star Series Banknoteshttps://t.co/BFBYLbH8Ao
— ReserveBankOfIndia (@RBI) July 27, 2023
The Reserve Bank made it clear that the bank note with the star symbol is legal money just like any other. 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 printing. Previously, the Reserve Bank would replace an incorrectly printed note with the proper note of the same number.
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