The Claim:
Recent social media posts have been circulating with the claim that the Reserve Bank of India (RBI) will stop the circulation of ₹500 notes through ATMs and discontinue them by March 2026.
The Verification:
This claim is false.
The Reserve Bank of India has made no such announcement regarding the discontinuation of ₹500 currency notes.
The ₹500 note remains legal tender and is in active circulation across the country.
No official circular, press release, or statement from the RBI supports this claim.
Conclusion:
The information about ₹500 notes being phased out by March 2026 is misinformation. The public is advised to rely only on official announcements from verified government and institutional sources like the Reserve Bank of India (www.rbi.org.in) and refrain from sharing unverified news.
Always verify news from official sources before believing or sharing it.
