New Delhi: A viral message on social media is claiming that Rs 500 notes will stop coming out of ATMs after september 30, 2025. This rumor has prompted confusion and problem among many human beings.
but now, the authorities and the reserve bank of india (RBI) have officially cleared the air - there is no such plan, and Rs 500 notes will remain used as felony forex.
Finance minister Nirmala Sitharaman Introduces modified earnings Tax invoice In Lok Sabha
authorities Clears Rumours in Rajya Sabha
On august five, 2025, throughout a session inside the Rajya Sabha, contributors of parliament Yerram Venkata Subba reddy and Milind Murli Deora requested whether or not RBI had given any commands to forestall Rs 500 word withdrawals from ATMs by using september 30, 2025.
In reply, the authorities stated absolutely that there is no suggestion to prevent Rs 500 notes, and these notes will remain dispensed at the side of Rs one hundred and Rs 200 notes in ATMs.
Will ₹12 Lakh income remain Tax-loose? authorities Clears Doubts On New earnings Tax bill 2025
more Rs a hundred and Rs two hundred Notes in ATMs, no longer a Ban on Rs 500
What the RBI has truely completed is ask banks and white-label ATM operators to make certain that as a minimum seventy five percentage of their ATMs provide Rs a hundred and Rs 2 hundred notes by september 30, 2025. This percent is meant to growth to ninety percent via march 31, 2026.
This circulate is meant to enhance access to smaller denominations, however it does not suggest Rs 500 notes will forestall being available in ATMs. they'll nevertheless be a part of the ATM note mix.
Sensex Crosses eighty,000 again With 746-point Rally, foreign budget & international Cues enhance market temper
No need to Panic or trust Rumours
each the authorities and RBI have stated there is no cause for the public to worry. Rs 500 notes are nevertheless legitimate, and if any modifications are ever made in the destiny, the public could be officially informed in advance.
So, people are advised now not to believe in fake messages on social media and continue the usage of Rs 500 notes with out worry.
Disclaimer: This content has been sourced and edited from Indiaherald. While we have made adjustments for clarity and presentation, the unique content material belongs to its respective authors and internet site. We do not claim possession of the content material..jpg)
click and follow Indiaherald WhatsApp channel