1 / 7A video claiming that Rs 1000 notes are coming back from January 1, 2023 has been doing rounds on social media for a quite some time.2 / 7“The central government has decided to ban Rs 2000 notes and Rs 1000 note will come back from January 1, 2023”, the viral message read3 / 7 This comes days after the Centre stated that no fresh indent for printing Rs 2000 currency notes have been placed since 2018-19.4 / 7Later, PIB Fact Check, a fact-checking unit of the Press Information Bureau, warned people against the fake news around Rs 1,000 note. 5 / 7“A viral video on social media is claiming that Rs 1000 notes will come from January 1 and Rs 2000 notes will return to banks. This claim is fake. Please do not forward such misleading message,” it tweeted, adding that the Central Government has not decided to ban Rs 2000 notes.6 / 7A demand to gradually phase out 2,000 rupee currency notes has been made in the Rajya Sabha with BJP MP Sushil Kumar Modi saying citizens holding such banknotes should be given two years to deposit them.7 / 7He said 2,000 rupee notes are being hoarded and are often used in illegal trades such as that drugs, and money laundering. The 2,000 rupee note - the highest currency denomination in the country - has become synonymous with black money, he said.