Rs 500 Notes Discontinue? 500 Currency In ATM | RBI on 500 Currency

Описание: RBI to Discontinue Rs 500 Notes? SHOCKING Truth Behind Viral Claim Revealed!

RBI to Scrap Rs 500 Notes? Here’s the Truth! A viral claim circulating on social media, including a YouTube video by 'CAPITAL TV' and posts on X, suggests that the Reserve Bank of India (RBI) is planning to phase out Rs 500 currency notes by March 2026. Is this true, or just another hoax? India TV’s Fact Check team and PIB have dug deep to uncover the reality behind this rumor. Let’s set the record straight!
Key Highlights of the Fact Check:
The Claim: A viral post and video claim the RBI has instructed banks to stop dispensing Rs 500 notes from ATMs by September 30, 2025, with 75% of ATMs dispensing Rs 100 and Rs 200 notes by then, and 90% by March 31, 2026. Some even link this to Andhra Pradesh CM N. Chandrababu Naidu’s call to curb corruption.
The Truth: The PIB Fact Check and RBI have debunked this claim as FALSE. No official announcement or notification from the RBI supports the discontinuation of Rs 500 notes. The RBI has only directed banks to ensure ATMs dispense more Rs 100 and Rs 200 notes to improve access to smaller denominations, but Rs 500 notes remain legal tender.
RBI’s Official Stance: The RBI’s website and X handle (@RBI
) have no press releases or notifications about phasing out Rs 500 notes. The central bank has clarified that all existing denominations, including Rs 500, are valid.
Why the Rumor? The RBI’s directive to prioritize Rs 100 and Rs 200 notes in ATMs may reduce the circulation of Rs 500 notes over time, but this is NOT a withdrawal. Misinformation often stems from misinterpretations or old demonetization fears (like the 2016 Rs 500 and Rs 1000 ban).
History of Fake Claims: Similar false rumors about Rs 500 notes (e.g., star symbol notes or Lord Ram designs) have been debunked in the past by RBI and fact-checkers like India TV and PIB. Always verify with official sources!
How to Spot Fake Currency News?
Check the RBI’s official website (rbi.org.in) or ‘Paisa Bolta Hai’ portal for authentic updates.
Look for press releases or notifications from RBI’s verified X handle (@RBI
).
Avoid trusting unverified social media posts or forwarded messages on WhatsApp/X.
Cross-check with credible fact-checkers like India TV Fact Check, PIB, or The Quint.
What’s Next?
The RBI continues to issue Rs 500 notes in the Mahatma Gandhi (New) Series, signed by Governor Sanjay Malhotra, and all existing Rs 500 notes remain valid. Don’t fall for panic-inducing rumors! Stay informed and share this video to spread the truth.
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