New Delhi—In the age of social media, you never know what can go viral. Often, viral things remain rumours. A few days ago, news of a 500 rupee note ban was rapidly spreading, causing panic among the public, wondering if the government was going to ban the 500 rupee note.
People even went to banks with the intention of depositing 500 rupee notes, but the truth turned out to be far from true. The government clarified that this was not the case. Don’t be fooled by such rumours. Now, the government has clarified that it will not ban the 500 rupee note at any cost, thus ending people’s confusion. You can learn the important facts related to this.
500 rupee notes will not be discontinued
The government had clearly stated that 500 rupee notes would remain legal tender. They will continue to be distributed in the mix of ATMs. The RBI also issued instructions to banks and white-label ATM operators to ensure the availability of ₹100 and ₹200 notes in approximately 75% of their ATMs by September 30, 2025.
This number will then need to be increased to 90% by March 31, 2026. This information has led to viral reports on social media linking it to the discontinuation of ₹500 notes. However, the government itself made a surprising statement in the Rajya Sabha, refuting the rumours.
Government Questions in the Rajya Sabha
After reports of the ₹500 note being discontinued went viral, the government issued a clarification in the Rajya Sabha. Members of Parliament, Yerram Venkat Subba Reddy and Milind Murali Deora, also raised questions regarding ₹500 notes and ATM withdrawals. They asked whether the Reserve Bank had instructed banks to stop dispensing ₹500 notes from ATMs by September 30, 2025.
What are the reasons for this? The government answered all these questions. Furthermore, the government and the RBI have repeatedly stated that if there are any future changes to the 500 rupee note, official information will be provided promptly. People have also been urged not to believe rumors.