Overview

• The PIB fact-check debunked a YouTube claim that ₹500 notes would be discontinued by March 2026
• The central bank confirmed there are no plans to stop dispensing ₹500 banknotes from ATMs
• An April circular directs banks and white-label ATM operators to regularly stock ₹100 and ₹200 notes
• ATMs must dispense ₹100 or ₹200 notes from at least one cassette in 75% of machines by September 2025 and 90% by March 2026
• The ₹2000 denomination was withdrawn on May 19, 2023, but remains legal tender and can be exchanged at designated RBI issue offices or via post