RBI breaks silence on rumors spread on ₹ 500 note – know the truth 500 Note Discontinued News
500 Note Discontinued News – If you have received a message on your mobile these days saying that “₹ 500 note will be discontinued by March 2026”, then just wait and know the truth of this news. A false rumor is being spread rapidly on social media, especially on platforms like YouTube and WhatsApp that the government is going to take out the ₹ 500 note from circulation. But now the RBI and the government themselves have said a big thing on this, which makes it clear that this is just a rumor, not reality.
What was being said in the viral rumors?
Some YouTube channels and websites had claimed that:
RBI is going to ban ₹ 500 notes by March 2026
People should change their ₹ 500 notes quickly
Soon these notes will be out of circulation and will become useless
Due to these claims, people got very nervous, some even started visiting banks. But now RBI has clarified the situation.
What did RBI say on this?
The Reserve Bank of India (RBI) and PIB Fact Check issued an official statement on this whole matter and said that:
The ₹ 500 note is completely valid
There is no plan to ban it
The news spreading on social media is completely false and misleading
PIB clearly said that the video on the basis of which this rumor has spread is completely fake and no such decision has been confirmed.
What is the importance of ₹ 500 note at present?
Today, ₹500 notes are the strongest part of the Indian currency system. According to RBI reports:
₹500 notes are the most in circulation in the country
₹500 notes account for about 40 percent of the total circulation
RBI is currently working on increasing the supply of small denomination notes (₹10, ₹20, ₹50) so that everyday transactions are easier
This means that no decision to ban the ₹500 note is in the near future.
Fact vs. Rumor – Know the Truth
Question Truth
Is the ₹500 note being discontinued? No
Will this note be removed from circulation by March 2026? No
Has RBI announced any such plan? Absolutely not
Did the rumor spread through social media and YouTube? Yes
Is the ₹500 note still valid? Yes, absolutely
Warning for the public – Be cautious
RBI and the government have clearly appealed to the public to:
Do not trust any rumor going viral on social media
Always get currency related information from RBI website or PIB Fact Check
Legal action can also be taken against those who spread false news
Is there a need to be cautious? Yes, but not to panic
Since demonetization has already happened once in the country and ₹ 1000 and old ₹ 500 notes have been banned, it is justified for people to be afraid. But this time no such step has been taken by the government, nor has any indication been received.
The future of Digital India and currency
Today RBI is promoting digital payments like UPI and CBDC (digital rupee). In future, the use of cash may decrease a little, but this does not mean that the current notes will be discontinued immediately.
If you were also thinking till now that the ₹500 note is going to be banned, then rest assured now. Both RBI and the government have made it clear that there is no such plan. So neither rush to change your notes nor give wrong information to others.
Get information only from government websites and official sources and wherever rumours are spread, tell people the right thing.