Confusion is at its height over a viral whatsapp message. It's far being claimed that the reserve financial institution of india (rbi) is preparing to section out the rs 500 notice by using march 2026. Is this news actual?
The rbi has formally termed the information about the rs 500 notice as fake and deceptive.
The whatsapp message, which has been forwarded more than one times, alleges that the rbi has directed all banks to regularly segment out rs 500 notes from seventy five% of atms through september 30 and rs 500 notes from 90% of atms with the aid of march 31, 2026. As a end result, it has advised the general public to withdraw their rs 500 notes before that period.
The viral message says, "rbi has requested all banks to stop doling out rs 500 notes from atms by september 30, 2025. By way of this time, at the least 75% of atms will stop shelling out notes. By march 31, 2026, this rule will ought to be implemented in 390% of atms. Simplest rs 2 hundred and rs 100 notes could be distributed from atms. So begin cancelling your rs 500 notes to any extent further."
The fact check unit of the press statistics bureau (pib) has called this message completely false. Posting at the employer's own x-deal with, the pib reality check department clarified that the rbi has no longer issued this type of directive and transactions in rs 500 notes could be taken into consideration absolutely valid.
Pib is advising human beings now not to fall prey to such incorrect information. The enterprise has additionally warned, "always verify any news from reputable assets before believing or sharing it."
Up to now, there was no legitimate announcement or circular from the rbi indicating any trade inside the reputation or move of the rs 500 notice. The rs 500 be aware remains suitable for all transactions throughout the u . S . A ..
This speculation is possibly caused by an rbi round issued in april, wherein banks and white label atm operators (wlaos) had been directed to boom the availability of smaller denomination notes, specially rs one hundred and rs 2 hundred notes, thru atms.
The rs 500 notice presently in circulation become delivered within the marketplace after demonetisation in 2016. The new rs 500 notice has several unique functions. The brand new notes have the amount written on them in a total of 17 languages. Other than this, the photo of the pink fort is likewise revealed on this word.
On 8 december 2016, prime minister narendra modi had introduced the 'ban' on old rs 500 and rs one thousand notes. Because of this overnight demonetization, not unusual human beings needed to face troubles. In the meantime, by way of eliminating the antique 500 and one thousand taka notes from the market, new 500 and 2000 taka notes were delivered within the marketplace. Meanwhile, rbi will remove the rs 2,000 note from the marketplace from 2023. But, the rs 500 observe is in stream inside the market.
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