The Central Government conducted demonetisation in the year 2016 when the notes of Rs. 500 and Rs. 1000 ceased to be of use. Now the recent rumours are circulating on social media claiming that the Reserve Bank of India (RBI) has come up with new policies to get the old notes exchanged. This has increased the curiosity of people and everyones asking just one question: Are the claims about exchanging the old Rs. 500 and Rs. 1000 notes real? Here we bring to you the complete truth behind this claim. Whats happening? Recently the Delhi Police revealed that they had recovered old notes worth Rs. 3.5 crore. During this time some people began to claim that the RBI has come up with a fresh initiative to exchange these notes. Ever since people have been curious to know the truth behind this. The answer is a clear no. The Reserve Bank of India (RBI) has not started any such policy. Instead the old notes of Rs. 500 and Rs. 1000 stand to be of no use anymore. If anyone claims to get them exchanged its a clear case of fraud and scam. PIBs fact check The Press Information Bureau (PIB) by the Government of India has clarified that these claims are misleading and hold no authenticity. The fact check by the central governments information agency is the biggest testament to prove the circulating claims false. Demonetization in 2016 The demonetisation happened in November 2016. Since then there have been instances when old notes worth high value were found. However they are of no value now. Its important for people to know that they must be sure to rely on the official website of RBI (Reserve Bank of India) to keep a check on all the new policies.