500 Rupees Note Ban: The Central Government on Friday refuted a false news spreading on social media, in which it was being said that the Reserve Bank of India (RBI) will stop giving Rs 500 notes from ATMs by March 2026. The government has clearly said that this claim is completely false. The government’s fact-checking agency PIB Fact Check posted on social media platform X that RBI will ban Rs 500 notes from ATMs by March 2026.
Some social media posts have claimed that the Reserve Bank of India will stop the circulation of Rs 500 notes by March 2026. This claim is fake. The agency said that RBI has not taken any such decision nor made any announcement.
PIB Fact Check told the real truth
PIB Fact Check also clarified that Rs 500 notes are completely legal tender and are still in circulation. People have been asked not to believe in such rumors and must check any news from government sources before sharing it. In August last year also, a similar WhatsApp message had gone viral, in which it was claimed that RBI has ordered banks to stop issuing Rs 500 notes through ATMs by September 30. Even at that time the government had declared this news wrong.
Viral social media post claim
In that fake message, it was also said that Rs 500 notes would stop being available from 90 percent of ATMs by March 2026 and 75 percent of ATMs by September 2026. PIB Fact Check had also made it clear that the central bank has not issued any such instructions. The Fact Check Unit has warned people that such false news is spread to deceive people. Any financial or bank related information should be checked only from government and trusted sources.
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advice for general public
In the era of social media, it is very important to avoid misleading news and rumours. Often such claims are made viral, which create unnecessary panic among the public. Readers are advised to verify any such sensitive financial information only. reserve Bank of India Trust only the official website and official information system.
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