#FactCheck- Viral Image Falsely Claims RBI Has Issued New ₹500 Plastic Note Replacing Gandhi With Ashoka Pillar

Research Wing
Research Wing
Innovation and Research
PUBLISHED ON
Jun 3, 2026
10

Executive Summary

An image of a purported new ₹500 plastic banknote is being widely shared on social media. Users claim that the Reserve Bank of India (RBI) has issued the new note and replaced Mahatma Gandhi’s portrait with the Ashoka Pillar.The CyberPeace Research Wing  research found the claim to be misleading. The probe revealed that RBI has not issued any new ₹500 plastic banknote. Furthermore, no official announcement or decision has been made regarding the removal of Mahatma Gandhi’s portrait from Indian currency and its replacement with the Ashoka Pillar.

Claim

An Instagram user shared the viral image with the claim: “RBI has issued a ₹500 plastic note in which Mahatma Gandhi’s image has been removed and replaced with the Ashoka Pillar.” The claim has been widely circulated on social media, with many users sharing the image as genuine. The post link, archived version, and screenshot can be seen below.

Fact Check

To verify the claim, we conducted a keyword search on Google. However, we found no credible media reports suggesting that RBI had issued a new ₹500 plastic note featuring the Ashoka Pillar in place of Mahatma Gandhi. We then searched the official RBI website for any notification or announcement related to the claim. Our search yielded no official communication supporting the viral claim.

During the research, we also came across a report published by Business Standard. According to the report, the Reserve Bank of India is exploring the possibility of introducing polymer (plastic) currency notes in the future. The report states that RBI is studying and discussing the proposal in view of the growing global adoption of polymer notes and their greater durability. However, the report does not state that RBI has already issued a new ₹500 plastic note. Nor does it mention any decision to remove Mahatma Gandhi’s portrait from existing currency notes and replace it with the Ashoka Pillar.

  • https://www.business-standard.com/finance/news/rbi-set-to-unveil-polymer-rupee-notes-amid-rising-currency-demand-126052801725_1.html

Conclusion

The research found that the viral claim is misleading. RBI has not issued any new ₹500 plastic banknote, and there has been no official announcement or decision to replace Mahatma Gandhi’s portrait on Indian currency with the Ashoka Pillar.

PUBLISHED ON
Jun 3, 2026
Category
#FactCheck
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