Rumours have been circulating across social media that the ₹500 note will soon be discontinued, creating confusion among people and raising concerns about another round of demonetisation. However, the government and the Reserve Bank of India (RBI) have officially dismissed these claims and clarified that the ₹500 note will continue to remain legal tender.
Government Confirms ₹500 Note Is Not Being Discontinued
According to official statements, there is no proposal to withdraw or invalidate the ₹500 currency note. The speculation originated from misleading videos and messages that falsely claimed the note would be banned by 2026. The government labelled these rumours as baseless and urged citizens not to fall for misinformation.
Why the Rumours Started
The confusion largely began after a recent RBI advisory encouraging banks to increase the circulation of smaller denomination notes such as ₹100 and ₹200. Many interpreted this as a sign that the ₹500 note might be withdrawn, but authorities clarified that this step was only to improve the availability of change in markets and has nothing to do with banning the ₹500 note.
₹500 Note Still in Active Circulation
The RBI continues to print and circulate ₹500 notes as part of the Mahatma Gandhi New Series. It remains one of the most widely used denominations in the country. Both ATMs and banks will keep issuing ₹500 notes based on demand, and citizens can freely use them for all transactions without worry.
Public Advised Not to Believe Viral Messages
Officials have advised people to rely only on verified announcements and ignore viral videos or posts claiming note withdrawal. Fake news related to currency changes can cause unnecessary panic, and citizens are encouraged to verify facts before sharing such messages.
Current Reality: No Ban, No Replacement
As of now, the ₹500 note is completely safe, valid and actively accepted in the market. There is no plan to discontinue it, no proposal under discussion, and no indication of any such step in future. All claims suggesting otherwise have been officially debunked.