GG News Bureau
Mumbai, 7th June: The Reserve Bank of India (RBI) has dismissed recent rumors circulating on social media that the ₹500 currency note will be phased out by March 2026.
A YouTube video on the channel ‘CAPITAL TV’ falsely claimed the discontinuation of ₹500 notes.
Is the ₹500 note set to be phased out by 2026? 🤔
A #YouTube video on the YT Channel 'CAPITAL TV' (capitaltvind) falsely claims that the RBI will discontinue the circulation of ₹500 notes by March 2026.#PIBFactCheck
✔️@RBI has made NO such announcement.
✔️₹500 notes have… pic.twitter.com/NeJdcc72z2
— PIB Fact Check (@PIBFactCheck) June 3, 2025
The RBI clarified that there has been no such announcement, and the ₹500 note remains legal tender across the country. Authorities have urged the public to rely only on official sources and avoid spreading misinformation.
