Pib on five hundred rupees circulation: The news of the closure of five hundred rupee notes has been continuously roaming the media corridor for the last one week. It was being said that the government can close it in the coming days. The guidelines of the RBI were being cited behind this, in which all the banks have been asked to increase the Rs 200 and 100 rupee notes in a sufficient number in the ATM. Because of this, everyone’s attention suddenly came to this on the 500 rupee note.

Now PIB’s fact check unit itself tweeted about this on social media X and said that a YouTube channel, named Capital TV, has shown the news of the closure of the note for 500 rupees.

PIB’s big statement on 500 rupee note

PIB further said that there is no truth in this and it is completely fake. No such announcement has been made by the RBI and in the coming days, it will remain in circulation as now.

Is the ₹ 500 Note Set to Be Phaseed Out By 2026?

A #Youtube Video on the yt channel ‘Capital TV’ (capitaltvind) Falsely claims that RBI will discontinue the circulation of ₹ 500 notes by March 2026.#Pibfactcheck

@Rbi Has made no such announcment.

₹ 500 Notes Have… pic.twitter.com/nejdCC72Z2

– Pib Fact Check (@Pibfactcheck) June 3, 2025

It is worth noting that ever since the RBI instructions have been given to increase the number of hundred rupees and two hundred rupees notes in the ATM, since then some experts have been assessing it according to their own. Some experts believe that gradually when the circulation of these notes will come in the market, then five hundred rupee notes can be extracted.

Apart from this, when the Chief Minister of Andhra Pradesh Chandrababu Naidu said that the central government should stop the note of five hundred rupees, after that he and the media headed and completely caught up. However, now that the team of PIB fact check has cleared, after that no one will have any kind of doubt.

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