Claim: Update : As the message that Rs. 500 notes with a 'star' mark in the number panel are fake went recently viral again, RBI through a press release on 27 July 2023 has clarified that a banknote with a Star  symbol is identical to any other legal banknote, and that the Star  symbol is an identifier that it is a replaced / reprinted banknote.
Fact-check: Rs 500/- denomination banknotes with a 'star' mark in the number panel are legal tender & valid - FACTLY
Verdict: 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. hence, the claim made in the post is false.
Organisation: FACTLY
Author: Dilip Kumar Sripada
Date published: 2023-04-24T08:37:00