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'Untrue’: RBI has not asked banks to stop disbursing ₹500 notes from ATMs
The Political and Business Daily
|August 04, 2025
THE government on Sunday termed "untrue" a WhatsApp message that claimed the Reserve Bank of India (RBI) had ordered banks to cease issuing Rs 500 notes via ATMs by September 30, saying no such instruction has been issued.
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The deceptive message also claims that 90 per cent of ATMs will cease issuing Rs 500 notes by March 31, 2026, and 75 per cent will do so by September 30.
Additionally, it advises people to begin "liquidating" their Rs 500 notes and implies that only Rs 100 and Rs 200 notes will be accessible through ATMs in the future.
Denne historien er fra August 04, 2025-utgaven av The Political and Business Daily.
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FLERE HISTORIER FRA The Political and Business Daily
The Political and Business Daily
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2 mins
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