The spread of rumors and misleading information on social media is nothing new. Messages that have no basis in reality go viral every day. Recently, a similar claim has been widely shared, stating that ₹500 notes will no longer be available from ATMs starting March 2026.
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The viral post also claims that the Reserve Bank of India (RBI) is going to stop the distribution of ₹500 notes and that they will be gradually phased out of circulation. This message has created confusion among the general public, as the ₹500 note is the most commonly used denomination for everyday transactions.
What is the reality of the viral claim?
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When a fact-check was conducted to verify the truth of this viral post, the claim was found to be completely false. The Press Information Bureau’s (PIB) fact-checking team clarified that the Reserve Bank of India has not issued any new instructions regarding ₹500 notes. There is no plan to remove them from ATMs, nor are they being phased out of circulation.
The PIB shared this information through its X (formerly Twitter) account, stating that such claims are completely misleading and are being spread with the intention of deceiving people.
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₹500 notes are completely valid
The PIB fact-checking team also clarified that ₹500 notes are still legal tender and people can use them without any problems. The RBI has neither stopped the distribution of these notes nor made any announcement about discontinuing them in the future.
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Advice to avoid such rumors
Government agencies have appealed to people not to blindly trust any message going viral on social media. Before sharing any information related to financial or government decisions, always verify it from official sources. Misinformation not only spreads confusion but can also cause financial losses. Similar rumors have spread before
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This is not the first time such rumors have been spread about the ₹500 note. Previously, several news reports about demonetization, the discontinuation of notes, or the unavailability of notes in ATMs have gone viral on social media, only to be later found to be baseless.
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The crucial role of ₹500 notes in ATMs
Most ATMs in the country primarily dispense ₹500 notes. Some ATMs also have ₹100 and ₹200 notes, but ₹500 notes are the main currency used to meet people’s cash needs. If such a decision were actually made, it would cause immense hardship for the general public.