Archive · 5 Jun 2025
Fact Check: RBI Denies ₹500 Note Ban Rumors
Some videos claimed that the Indian government would stop using ₹500 notes in 2026.
This is not true.
The Press Information Bureau (PIB), which checks facts for the government, said the claims are false.
The Reserve Bank of India (RBI), which controls money in India, hasn't announced any changes.
The ₹500 notes are still legal and can be used.
Always be careful about what you see online, especially about money matters.
Make sure to check official sources for correct information.
Viral videos falsely claimed the RBI would discontinue ₹500 notes by March 2026.
The Press Information Bureau (PIB) confirmed this claim is false.
The RBI has not announced any plans to remove ₹500 notes from circulation.
₹500 notes remain legal tender.
Citizens are advised to verify information from official sources.
- Who
- The Press Information Bureau (PIB) and the Reserve Bank of India (RBI).
- What
- False claims regarding the discontinuation of ₹500 notes by the RBI.
- When
- Claims circulating as of June 2025.
- Where
- India
- Why
- To debunk false claims about the discontinuation of ₹500 notes.
- Claimed Action
- Discontinuation of ₹500 notes
- Claimed Date
- March 2026
- Source of Claim
- YouTube videos
- Official Response
- PIB and RBI denial
- Status of ₹500 notes
- Legal tender