PIB Fact Check: The Reserve Bank of India keeps demonetising and introducing notes as per the government’s instructions. RBI has the full authority to demonetise notes. Do you know that after the 2000-rupee note, the 500-rupee note is going to be demonetised once again? You must be surprised to hear this, because for the past few days, this discussion has been going viral like fire on social media.

It has been claimed through this message that the Reserve Bank has instructed the banks to gradually reduce the dispensing of500-rupeee notes from ATMs. Not only this, the message also claims to completely discontinue the 500-rupee note by the year 2026.

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What is written in the viral message

It is written in the viral message that the Reserve Bank has instructed the banks to completely stop giving 500-rupee notes from ATMs by September 30. But PIB has made a big claim by doing a fact check on this. What big claim has PIB made after a fact check? You can know in detail below.

How true this message is

PIB Fact Check has called this message completely fake. Along with this, PIB Fact Check has given this big information by posting on the social media platform X. It was written in this post that the Reserve Bank has not issued any such guidelines. Anyway, 500-rupee notes are still completely legal tender. This means that 500-rupee notes are still legally valid. Which can be used.

PIB instructed to avoid misinformation

For information, let us tell you that PIB has advised people to avoid misinformation anyway. The PIB Fact Check team made people aware and said that if any such news comes, then first check it by going to the official website. Apart from this, do not fall for rumours. I,f for some areas, you find any message wrong, then you can also complain about it.