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Fact Check: Will 500 rupee notes really be discontinued? PIB made a big disclosure; The truth came out

By Samira Vishwas

 

  • Will 500 rupee notes really be discontinued?
  • PIB made a big disclosure
  • The truth behind the viral message came out

500 Rupees Note Ban: Central Govt (Central Government) on Friday refuted fake news circulating on social media, which claimed that Reserve Bank of India (RBI) will stop issuing Rs 500 notes from ATMs by March 2026. The government has clearly stated that this claim is completely false. The government’s fact-checking body, PIB Fact Check, posted on social media platform X that the news of demonetisation of Rs 500 note was completely false.

Not decided or announced

Some social media posts claim that the Reserve Bank of India will stop issuing Rs 500 notes by March 2026. This claim is false. The agency said that RBI has not made any such decision or announcement.

PIB fact check revealed the real truth

PIB Fact Check has dismissed the reports of demonetisation of Rs 500 notes as completely false. The government’s official fact-checking arm shared a post on its official account to refute the claim. RBI has not taken any decision regarding demonetisation or validity of notes. The rumor about the Rs 500 note is completely false. A periodic review of note recycling or release policies does not mean RBI is going to discontinue the Rs 500 note; There is absolutely no truth in this news.

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A viral social media post claims

The fake message also said that 90 percent of ATMs will stop dispensing Rs 500 notes by March 2026 and 75 percent by September 2026. A PIB fact check revealed that no such directive has been issued by the central bank. The Fact Check Unit warns that such fake news is spread to mislead people. Any financial or banking related information should be verified only from official and reliable sources.

Advice to the public

In the age of social media, it is extremely important to avoid misleading news and rumours. Such claims often go viral, creating unnecessary panic among people. Readers are advised to rely only on official websites and official information systems of Reserve Bank for verification of any such sensitive financial information.

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