{"id":301683,"date":"2025-07-07T15:28:53","date_gmt":"2025-07-07T09:58:53","guid":{"rendered":"https:\/\/www.altnews.in\/english-clone-2026\/?p=301683"},"modified":"2025-07-07T15:29:36","modified_gmt":"2025-07-07T09:59:36","slug":"fact-check-did-rbi-ban-500-rupee-note-again-false-claim","status":"publish","type":"post","link":"https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/","title":{"rendered":"RBI has not asked banks to stop disbursing \u20b9500 notes; viral claim is false"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Andhra Pradesh <a href=\"https:\/\/www.indiatoday.in\/india\/andhra-pradesh\/story\/ap-chandrababu-naidu-urges-centre-to-cancel-rs-500-and-larger-notes-at-tdp-meet-ysr-kadapa-district-2731954-2025-05-28\">chief minister N Chandrababu Naidu recently called for<\/a> the demonetisation of Rs. 500 notes and further promotion of digital payments. He said that such a step would help curb corruption and increase transparency in financial transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Against this backdrop, in a video report by <a href=\"https:\/\/ghostarchive.org\/varchive\/WAm7Am6UDGM\">YouTube channel Capital TV<\/a>, its editor-in-chief Manish Kumar praised the BJP government and accused the Opposition of having links with corrupt individuals. He claimed that bundles of Rs. 500 notes had been recovered from the homes of corrupt politicians.\u00a0<\/span><span style=\"font-weight: 400\">The report further mentioned that following Chandrababu Naidu&#8217;s demand to ban Rs. 500 notes, the Reserve Bank of India (RBI) had issued a notification directing 75% of all ATMs to reduce their stock of Rs. 100 and Rs. 200 notes and those of smaller denominations by September 2025, and 90% of all ATMs to do so by March 2026.<\/span><\/p>\n<p>[youtube https:\/\/www.youtube.com\/watch?v=WAm7Am6UDGM?si=4UcntuMldJgiOQmW&amp;start=110]<\/p>\n<p><span style=\"font-weight: 400\">In <a href=\"https:\/\/ghostarchive.org\/varchive\/eKQNPWFkoK0\">another report<\/a> by Capital TV, Kumar claimed that the RBI had stopped the printing of Rs. 500 notes. He stated that by March 2026, the Rs. 500 note would be abolished like the Rs. 2,000 rupee note.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Verified X User <a href=\"https:\/\/archive.is\/JluBF\">CA Anupam Sharma<\/a> along with other users such as <a href=\"https:\/\/archive.ph\/cvgh4\">AK Mandhan<\/a> and <a href=\"https:\/\/archive.ph\/1uXvw\">CA Paaras Gangwal<\/a> also claimed that the RBI had planned to remove Rs. 500 notes from ATMs by September 2025 and going forward, only Rs. 200 and Rs. 100 notes would be dispensed from ATMs.<\/span><\/p>\n<div id='gallery-1' class='gallery galleryid-301683 gallery-columns-3 gallery-size-full'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/ca-%e0%a4%85%e0%a4%a8%e0%a5%81%e0%a4%aa%e0%a4%ae-1024x953\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"953\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u0905\u0928\u0941\u092a\u092e-1024x953-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u0905\u0928\u0941\u092a\u092e-1024x953-1.jpg 1024w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u0905\u0928\u0941\u092a\u092e-1024x953-1-300x279.jpg 300w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u0905\u0928\u0941\u092a\u092e-1024x953-1-768x715.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/ca-%e0%a4%aa%e0%a4%b0%e0%a4%be%e0%a4%97-1024x460\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"460\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u092a\u0930\u093e\u0917-1024x460-1.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u092a\u0930\u093e\u0917-1024x460-1.png 1024w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u092a\u0930\u093e\u0917-1024x460-1-300x135.png 300w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/CA-\u092a\u0930\u093e\u0917-1024x460-1-768x345.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/ak-%e0%a4%ae%e0%a4%be%e0%a4%a8%e0%a4%a7%e0%a4%a8-837x1024\/'><img loading=\"lazy\" decoding=\"async\" width=\"837\" height=\"1024\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/AK-\u092e\u093e\u0928\u0927\u0928-837x1024-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/AK-\u092e\u093e\u0928\u0927\u0928-837x1024-1.jpg 837w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/AK-\u092e\u093e\u0928\u0927\u0928-837x1024-1-245x300.jpg 245w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/AK-\u092e\u093e\u0928\u0927\u0928-837x1024-1-768x940.jpg 768w\" sizes=\"auto, (max-width: 837px) 100vw, 837px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/screenshot-2025-06-30t163210-305-503x1024\/'><img loading=\"lazy\" decoding=\"async\" width=\"503\" height=\"1024\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/Screenshot-2025-06-30T163210.305-503x1024-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/Screenshot-2025-06-30T163210.305-503x1024-1.jpg 503w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/Screenshot-2025-06-30T163210.305-503x1024-1-147x300.jpg 147w\" sizes=\"auto, (max-width: 503px) 100vw, 503px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n<p><span style=\"font-weight: 400\">We received multiple requests to verify this claim on the Alt News WhatsApp helpline.<\/span><\/p>\n<div id='gallery-2' class='gallery galleryid-301683 gallery-columns-3 gallery-size-full'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/2025-07-02-20_16_25-2293-whatsapp-mozilla-firefox\/'><img loading=\"lazy\" decoding=\"async\" width=\"626\" height=\"1100\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_25-2293-WhatsApp-\u2014-Mozilla-Firefox.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_25-2293-WhatsApp-\u2014-Mozilla-Firefox.jpg 626w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_25-2293-WhatsApp-\u2014-Mozilla-Firefox-171x300.jpg 171w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_25-2293-WhatsApp-\u2014-Mozilla-Firefox-583x1024.jpg 583w\" sizes=\"auto, (max-width: 626px) 100vw, 626px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/2025-07-02-20_16_51-2293-whatsapp-mozilla-firefox\/'><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"923\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_51-2293-WhatsApp-\u2014-Mozilla-Firefox.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_51-2293-WhatsApp-\u2014-Mozilla-Firefox.jpg 540w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_16_51-2293-WhatsApp-\u2014-Mozilla-Firefox-176x300.jpg 176w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/2025-07-02-20_17_17-2293-whatsapp-mozilla-firefox\/'><img loading=\"lazy\" decoding=\"async\" width=\"487\" height=\"947\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_17_17-2293-WhatsApp-\u2014-Mozilla-Firefox.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_17_17-2293-WhatsApp-\u2014-Mozilla-Firefox.jpg 487w, https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/2025-07-02-20_17_17-2293-WhatsApp-\u2014-Mozilla-Firefox-154x300.jpg 154w\" sizes=\"auto, (max-width: 487px) 100vw, 487px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n<h4><b>Fact Check<\/b><\/h4>\n<p><span style=\"font-weight: 400\">To verify the authenticity of the viral claim, Alt News reviewed all recent press releases and notifications issued by RBI on its <a href=\"https:\/\/www.rbi.org.in\/\">official website<\/a>. We did not find any information to support the claim that it had directed banks not to dispense Rs. 500 notes through ATMs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, during our investigation, we came across a <a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12844&amp;Mode=0\">notification<\/a> issued by the RBI on April 28, 2025, which stated that in an effort to increase public access to banknotes of most used denominations, the Reserve Bank of India had directed banks and White Label ATM Operators (WLAO) to ensure that ATMs dispensed Rs. 100 or Rs. 200 denomination notes. In the first phase, by September 30, 2025, 75% of all ATMs would dispense bank notes of Rs. 100 or Rs. 200 denomination from at least one cassette, while in the second phase, i.e. by March 31, 2026, the target has been set to increase this figure to 90%.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/hindi\/wp-content\/uploads\/sites\/10\/sites\/2\/2025\/06\/RBI-%E0%A4%A8%E0%A5%8B%E0%A4%9F%E0%A4%BF%E0%A4%AB%E0%A4%BF%E0%A4%95%E0%A5%87%E0%A4%B6%E0%A4%A8--1024x651.jpg\" \/><\/p>\n<p><span style=\"font-weight: 400\">It is worth noting that a &#8216;cassette&#8217; in an ATM is a box or container in which currency notes of only a specific denomination (such as Rs 100, 200, 500) are kept.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/banking\/rbi-ask-banks-to-ensure-atms-dispense-rs-100-rs-200-notes\/articleshow\/120702813.cms?from=mdr\">Economic Times<\/a> reported on April 28, 2025 that the Reserve Bank of India had asked banks and WLAOs to ensure that Rs. 100 or 200 notes were dispensed from ATMs, to increase the availability of these notes to the public. In other words, the RBI has not directed all banks to stop dispensing Rs. 500 notes from ATMs by September 30, 2025. It has only directed banks and WLAOs to increase dispensation of Rs. 100 and Rs. 200 notes.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.altnews.in\/english-clone-2026\/hindi\/wp-content\/uploads\/sites\/10\/sites\/2\/2025\/06\/Screenshot-2025-06-30T175306.450-1024x951.jpg\" \/><\/p>\n<p><span style=\"font-weight: 400\">Apart from this, the claim made by Capital TV editor-in-chief Manish Kumar regarding the RBI issuing a notification asking ATM machines to stock Rs. 100 and Rs. 200 notes following Chandrababu Naidu&#8217;s demand to ban Rs. 500 notes is also false. This is because the RBI issued the notification on April 28, while Naidu had spoken about this at the annual Mahanadu Sabha held from May 27 to May 29.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/x.com\/PIBFactCheck\/status\/1929898698290672131\">PIB Fact Check<\/a> also posted on X and clarified that the viral claim regarding the RBI banning Rs. 500 notes by March 2026 was false. It clarified that the RBI had not made any such announcement and Rs. 500 notes had not been banned. It also advised the public to avoid such false and misleading news updates.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Is the \u20b9500 note set to be phased out by 2026? \ud83e\udd14<\/p>\n<p>A <a href=\"https:\/\/twitter.com\/hashtag\/YouTube?src=hash&amp;ref_src=twsrc%5Etfw\">#YouTube<\/a> video on the YT Channel &#8216;CAPITAL TV&#8217; (capitaltvind) falsely claims that the RBI will discontinue the circulation of \u20b9500 notes by March 2026.<a href=\"https:\/\/twitter.com\/hashtag\/PIBFactCheck?src=hash&amp;ref_src=twsrc%5Etfw\">#PIBFactCheck<\/a><\/p>\n<p>\u2714\ufe0f<a href=\"https:\/\/twitter.com\/RBI?ref_src=twsrc%5Etfw\">@RBI<\/a> has made NO such announcement.<\/p>\n<p>\u2714\ufe0f\u20b9500 notes have\u2026 <a href=\"https:\/\/t.co\/NeJdcc72z2\">pic.twitter.com\/NeJdcc72z2<\/a><\/p>\n<p>\u2014 PIB Fact Check (@PIBFactCheck) <a href=\"https:\/\/twitter.com\/PIBFactCheck\/status\/1929898698290672131?ref_src=twsrc%5Etfw\">June 3, 2025<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">To sum up, many users including a YouTube channel named Capital TV made false claims on social media about the RBI banning Rs. 500 notes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andhra Pradesh chief minister N Chandrababu Naidu recently called for the demonetisation of Rs. 500 notes and further promotion of digital payments. He said that such a step would help curb corruption and increase transparency in financial transactions. Against this backdrop, in a video report by YouTube channel Capital TV, its editor-in-chief Manish Kumar praised [&hellip;]<\/p>\n","protected":false},"author":88,"featured_media":301781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"an_content_type":[],"coauthors":[731],"class_list":["post-301683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","fact_checks_claim_type-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RBI has not asked banks to stop disbursing \u20b9500 notes; viral claim is false - Alt News<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI has not asked banks to stop disbursing \u20b9500 notes; viral claim is false - Alt News\" \/>\n<meta property=\"og:description\" content=\"Andhra Pradesh chief minister N Chandrababu Naidu recently called for the demonetisation of Rs. 500 notes and further promotion of digital payments. He said that such a step would help curb corruption and increase transparency in financial transactions. Against this backdrop, in a video report by YouTube channel Capital TV, its editor-in-chief Manish Kumar praised [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.altnews.in\/english-clone-2026\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\/\" \/>\n<meta property=\"og:site_name\" content=\"Alt News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/altnews.in\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/ekmazdoor\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-07T09:58:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-07T09:59:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.altnews.in\/english-clone-2026\/wp-content\/uploads\/sites\/10\/2025\/07\/500.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pawan Kumar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ekmazdoor\" \/>\n<meta name=\"twitter:site\" content=\"@AltNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pawan Kumar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.altnews.in\\\/english-clone-2026\\\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.altnews.in\\\/english-clone-2026\\\/fact-check-did-rbi-ban-500-rupee-note-again-false-claim\\\/\"},\"author\":{\"name\":\"Pawan Kumar\",\"@id\":\"https:\\\/\\\/www.altnews.in\\\/english-clone-2026\\\/#\\\/schema\\\/person\\\/c1d8bc872440f7bacc3e3d1ca748d99d\"},\"headline\":\"RBI has not asked banks to stop disbursing \u20b9500 notes; 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