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PIB Debunks Renewed ₹500 Note Phase-Out Rumor

The Press Information Bureau affirmed ₹500 notes remain legal tender following the spread of a false WhatsApp claim.

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Overview

  • A viral WhatsApp message alleged the RBI would stop ATM dispensing of ₹500 notes, targeting 75% of machines by September 2025 and 90% by March 2026.
  • The Press Information Bureau declared the claim false and confirmed ₹500 notes continue to be valid for all transactions.
  • Speculation appears to stem from an April RBI circular that directed banks and White Label ATM Operators to boost ₹100 and ₹200 note availability in ATMs.
  • The hoax circulated widely across social platforms, generating confusion among the public over the status of the ₹500 denomination.
  • Officials urged citizens to verify any currency-related information through official RBI and PIB channels before acting or sharing it.