“Rs. 500 note with a ‘star’ mark in the number panel indicates a fake note”
What FACTLY found
RBI introduced the ‘star’ (‘*’) mark in new Rs. 500/- denomination banknotes for the first time in December 2016. These ‘star’ banknotes in the denomination of ₹ 10, 20, 50 and 100 are already in circulation since 2006. Rs 500/- denomination banknotes with a ‘star’ mark in the number panel are legal tender and do not indicate a fake note
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 20 April 2023. FACTLY (India) looked into it and published its finding on 24 April 2023, 4 days later. Its rating was “FALSE”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.