By Admin 
For the last few days, a post on social media platform X is becoming increasingly viral. In this post, it is being claimed that the Reserve Bank of India (RBI) has decided to remove the 500 rupee note from circulation. In the viral post, it has also been said that only 100 and 200 rupee notes will come out of 90 percent ATMs in the coming time.
What is in viral post?
The viral post includes a screenshot claiming that RBI has directed banks to increase the number of 100 and 200 rupee notes in their ATMs.
Bye Bye 500 Rupees Currency Notes
75% ATMS Dispense Rs 100 and Rs 200 Notes by September, 90% by March Next Year: RBI to Banks
– Woke Eminent (@WokePandemic) April 29, 2025
Posted users say that this means that the 500 rupee note is being gradually removed from circulation.
Goodbye to 500 rupee notes
100 and 200 rupee notes will be released from 75% ATMs by September, 90% ATMs will be released by March next year: RBI asked banks
– Sandeep Gupta 🙏 (@ghoomhaikahi) April 29, 2025
What does RBI’s real instruction say?
Our team investigated the matter and found that RBI has actually issued a instruction to banks. However, there is no mention of closing the 500 rupee note in this instruction. The real instruction of RBI is only that banks should increase the availability of 100 and 200 rupee notes in their ATMs.
What is the purpose of RBI?
This step of RBI is to ensure the availability of small notes to the general public. Often people have difficulty in breaking them after extracting 500 or 2000 rupee notes from ATMs. Small shopkeepers and ordinary people often do not open in exchange for such large notes. RBI wants people to get small notes directly from ATMs, so that they do not face trouble.
Is a 500 rupee note being closed?
No, RBI has not given any indication to close the 500 rupee note in any official document. This note will be in trend as before. The things done in the viral post are completely wrong and they have nothing to do with the actual instructions of RBI.
That is, this news, which is going viral on social media, is completely wrong. RBI has not taken any decision to close the 500 rupee note. Banks have been instructed only to increase the number of 100 and 200 rupee notes in ATMs so that small notes can be easily available to the general public.
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