Is Rs 500 banknote with star symbol fake? Here is what PIB Fact Check says

ZeeBiz Desk Jul 16,2024

Do you have a Rs 500 note with an asterisk sign and suspect it is counterfeit?

Do not worry! The Press Information Bureau (PIB) clarified that notes with the star mark (*) are real and legitimate.

What does PIB say?

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Why does the RBI issue asterisk symbol banknotes?

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When a flaw is discovered, these banknotes are replaced with fresh ones with the same serial number, ensuring that the packet's sequential sequence is preserved.

The star series numbering scheme is part of the RBI's efforts to adhere to worldwide best practices while ensuring cost-effectiveness at printing presses.