Скачать или смотреть 500 notes going to be discontinued? 500 Currency News | RBI To Withdraw Rs 500 Currency Notes?

500 notes going to be discontinued? 500 Currency News | RBI To Withdraw Rs 500 Currency Notes?

RBI to Withdraw Rs 500 Notes? A viral claim suggests the Reserve Bank of India (RBI) plans to reduce Rs 500 note circulation by 75% by September 30, 2025, and 90% by March 31, 2026, with ATMs dispensing only Rs 100 and Rs 200 notes. But is this true? In this video, we debunk myths, clarify the RBI’s April 2025 circular, and explain the status of Rs 2000 notes as legal tender. Stay informed about this critical financial update—watch now to understand what’s happening with India’s currency!
Key Details of RBI’s ATM Directive & Rs 500 Notes:
RBI Circular (April 28, 2025): The RBI has directed banks and White Label ATM Operators (WLAOs) to ensure ATMs dispense Rs 100 and Rs 200 notes regularly to enhance public access to smaller denominations for daily transactions.
By September 30, 2025: 75% of ATMs must dispense Rs 100 or Rs 200 notes from at least one cassette.

By March 31, 2026: 90% of ATMs must comply with this requirement.
Rs 500 Notes Status:
No Official Withdrawal: The RBI has not announced any plan to discontinue Rs 500 notes. They remain legal tender and are still issued, constituting 40.9% of note volume and 86% of note value in circulation as of March 31, 2025.
Misleading Claims: A viral YouTube video falsely claimed Rs 500 notes would be phased out by 2026. The PIB Fact Check unit debunked this, confirming no such directive exists.
Rs 2000 Notes:
Withdrawn from circulation on May 19, 2023, under the RBI’s Clean Note Policy. Printing stopped in 2018–19, with 98.21% returned to banks by April 1, 2025.

Legal Tender: Rs 2000 notes remain valid for transactions, though their circulation is minimal (value down to Rs 6,181 crore by May 31, 2025).
Why the Change?:
The RBI aims to address public complaints about the lack of small change, as ATMs often dispense Rs 500 notes, which are less convenient for smaller transactions.
Increasing Rs 100 and Rs 200 note availability supports daily transactions and aligns with India’s push for lower-denomination currency use.
How to Stay Informed?
Check Official Sources: Visit www.rbi.org.in for accurate circulars and press releases.

Avoid Misinformation: Cross-check claims on platforms like X with credible sources like The Economic Times, Business Standard, or PIB Fact Check.
ATM Usage: No changes to Rs 500 note availability in ATMs; they will still be dispensed alongside Rs 100 and Rs 200 notes.
Preparation Tips:
For Daily Transactions: Carry smaller denominations (Rs 100, Rs 200) for convenience, as ATMs will prioritize these.

For Rs 2000 Notes: Deposit or exchange them at 19 RBI Issue Offices (e.g., Mumbai, Delhi, Chennai) with a Rs 20,000 limit per transaction. No ID proof required for exchanges at banks.
Stay Updated: Follow RBI’s website or news outlets like Financial Express for currency updates.
Why It Matters:
The RBI’s focus on smaller denominations aims to ease public transactions, not phase out Rs 500 notes. Misinformation, like the viral claim, can cause confusion, so rely on verified sources. The Rs 500 note remains India’s highest circulating denomination, while Rs 2000 notes are legal but scarce.
For the latest updates, check www.rbi.org.in or www.pib.gov.in. Subscribe for more financial news, government policy updates, and fact-checked information. Hit the bell icon and share this video to spread awareness about the RBI’s currency policies!

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