Quick Summary
In the age of viral misinformation, yet another baseless rumour is doing the rounds-this time claiming that the Reserve Bank of India (RBI) will discontinue the circulation of Rs 500 currency notes by March 2026. The claim was made in a YouTube video posted by the channel 'Capital TV' (capitaltvind)
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
No, the claim that Rs 500 notes are being discontinued by March 2026 is false. The Press Information Bureau (PIB) has confirmed that the Reserve Bank of India (RBI) has made no such announcement.
A YouTube video falsely claimed that the RBI would withdraw Rs 500 currency notes from circulation by March 2026 as part of a currency overhaul.
No, the RBI has made no announcement regarding the discontinuation of Rs 500 notes. They continue to be legal tender.
You should always verify financial news through official channels, such as the RBI's official website (www.rbi.org.in) or official government notifications and social media handles like PIB Fact Check.
The spread of false claims can cause unnecessary panic, lead to hoarding of currency, and disrupt everyday financial transactions.
CAclubindia
