A social media viral video claims that Rs. 1,000 notes will revive on January 1, 2023, and Rs. 2,000 notes will be returned to banks. The press information bureau has alerted individuals about misleading news concerning the Rs. 1,000 note. The press information bureau has alerted individuals about misleading news concerning the Rs. 1,000 note claiming that the news is fake. 

The government demonetised existing 500 and 1,000 rupee notes overnight in 2016 and a new 2,000 rupee currency note, along with a 500 rupee note, was created. The story surfaced in the context of a government response in Parliament, which stated that no new order for producing Rs. 2000 notes had been made since the year 2018- 2019. 

A petition to progressively phase out 2,000 rupee notes has been raised in the Rajya Sabha, with BJP MP Sushil Kumar Modi stating individuals holding such banknotes should be allowed two years to deposit them. He claims that Rs. 2,000 rupee notes are being hoarded and are frequently utilized in criminal transactions like drug trafficking and money laundering. PIB has also urged people not to spread such misleading statements.