Holders of the Rs. 500 note should be aware that the RBI has addressed the rumours that have been circulated regarding the note and clarified whether the Rs. 500 note with the star in the middle of the serial number is real or fraudulent. What does the star in this signify?
Social media started to spread a rumour about the Rs. 500 note, and the RBI was forced to address it. The RBI has dispelled all concerns made on social media about the legality of the note with the star symbol (*). According to the RBI, if you have gotten a bank note with a star in the midst of the series, it is still legitimate just like any other note.
Learn what the RBI stated
The star symbol has been placed to the number panel on the note that will be issued in substitution of the incorrectly printed note, according to a statement from the RBI. When some individuals compared it to another 500 rupee note and said it was false or illegal after noticing the star mark, RBI took notice and provided information. According to the Reserve Bank, notes with a star mark are issued in place of notes that were incorrectly produced in a bundle of notes with serial numbers. Between the note’s number and the characters that must be typed before it, a star is inserted.
What does the star mark on the note mean?
The bank note with the star mark is equivalent to any other legal money, according to the Reserve Bank. Its star mark just indicates that it has been used in place of a note that has been altered or republished. Let us inform you that the star note trend began in 2006 in an effort to simplify and lower the cost of note printing. Previously, the Reserve Bank would exchange a note with an incorrect serial number for one with the right serial number.
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