In this era of social media, even a small news can spread like fire. These days, a similar misleading news has created a stir among the people, which is being claimed that the Reserve Bank of India (RBI) has directed banks to stop distribution of 500 rupee notes from ATMs by September 2025. This news not only created confusion among the people, but also raised many questions. But is this claim true? Come, let us understand the truth of this rumor deeply and know why you need to be careful.
This message, which is spreading rapidly on social media, states that RBI has issued a confidential circular, in which banks have been ordered to remove 500 rupee notes from ATMs by September 2025. According to the claim, this step will be implemented in a phased manner so that people can get information in advance. But the truth is that RBI has not issued any such circular. Neither on the official website of RBI nor on its social media handles has any such information. This news has proved to be completely baseless and fake.
The fact check unit of the Press Information Bureau (PIB) conducted a thorough investigation into the claim and termed it clearly false. The PIB said in its statement that the RBI has not issued any new instructions regarding 500 rupee notes. In addition, no such plan or circular is mentioned on any official platform of RBI. This rumor is just an attempt to confuse people and spread unnecessary fear.
The Reserve Bank of India has repeatedly clarified that 500 rupee notes are completely valid legal currency. These notes are fully valid for transactions in the market and their distribution from ATMs and bank counters continues as before. There is no possibility of any change in the use of these notes even in future. The RBI has appealed to the people not to pay attention to such rumors and only get information from official sources.
The misleading news spreading on social media not only creates fear among the people, but can also bring instability in the society. Therefore, it is very important to check its veracity before accepting any financial or banking information. If you get a suspicious message, then confirm it on the social media handles of the first RBI official website (www.rbi.org.in) or PIB Fact Czech unit instead of sharing it immediately. Caution and awareness is the best way to avoid such rumors.