For the last few days, a post is becoming increasingly viral on social media platform X. In this post, it is being claimed that the Reserve Bank of India (RBI) has decided to remove the ₹ 500 note from circulation. The viral post also states that in the coming time, 90 percent of ATMs will dispense only ₹ 100 and ₹ 200 notes. This news is creating confusion among the general public, so it is vitally important to know its real truth.
What is the box of lies in the viral post
The viral post includes a screenshot, in which it is claimed that RBI has instructed banks to increase the number of ₹ 100 and ₹ 200 notes in their ATMs. This misleading information has already created the atmosphere of panic among the all people.
What is the truth in RBI’s actual directive
Our team investigated the matter deeply and found that RBI has indeed issued a directive to the banks. However, there is no any information of discontinuing the RBI ₹ 500 note in this directive. The actual instruction of the RBI is only that all banks should increase the availability of the 100 rupees and 200 rupees notes in their ATMs. This step has been taken to ensure easy availability of small notes to the general public.
Bye Bye 500 rupees currency notes
75% ATMs Dispense Rs 100 And Rs 200 Notes By September, 90% By March Next Year: RBI To Banks
— Woke Eminent (@WokePandemic) April 29, 2025
Know the big benefit for the public
This step of RBI is to ensure the availability of small notes to the general public. Often people have trouble getting change for ₹ 500 or ₹ 2000 notes after withdrawing them from the ATM. Small shopkeepers and common people often do not have change money in exchange for such big notes. RBI wants people to get small notes directly from the ATM, so that they do not have to face any kind of problem. This step will prove to be extremely convenient for the common man.
Know the official answer
No! RBI has not given any indication of discontinuing the ₹ 500 note in any official document. This note will remain in circulation as before. The things said in the viral post are completely wrong and have no connection with the actual instructions of RBI. Therefore, this news going viral on social media is completely baseless and false. RBI has not taken any decision to discontinue the ₹ 500 note. Banks have only been instructed to increase the number of ₹ 100 and ₹ 200 notes in ATMs so that small notes are easily available to the general public.