Government Clarifies Rumors On 500 Rupees Note: Legal Tender Status Remains

Amid widespread rumors on social media about the discontinuation of the 500 rupees note, the government has issued a clear statement dismissing such claims. The Press Information Bureau’s fact-checking unit confirmed that the Reserve Bank of India (RBI) has made no announcement regarding the withdrawal of the denomination.  

The clarification comes after posts alleging that 500 rupee notes would no longer be dispensed from ATMs by March 2026 gained traction online. Officials emphasized that the currency continues to be valid for all transactions and urged the public to verify information through trusted government channels.  

Key Highlights  

• 500 rupees note remains legal tender across India  
• No RBI announcement on discontinuation of the denomination  
• Rumors about withdrawal from ATMs by March 2026 are false  
• PIB urges citizens to avoid misinformation and rely on official updates  
• Government reiterates stability of currency system and public trust  

Final Takeaway  
The government’s clarification ensures that the 500 rupees note continues to hold full validity. Citizens are encouraged to dismiss misleading claims and depend on verified sources for financial updates, reinforcing confidence in India’s currency system.  

Sources: Economic Times, News18, PIB Fact Check