The RBI has not directed banks to stop disbursing ₹500 notes through ATMs by 30 September 2025

No, RBI Will Not 'Stop' Dispensing Rs 500 Notes From ATMs

A message is going viral which claims that the Reserve Bank of India (RBI) has asked all banks to stop dispensing Rs 500 denomination banknotes by the end of September 2025 from ATMs. "Target is 75% of all banks BANKS ATM & then 90% ATM by 31Mar26. ATM going forward will only disburse only 200₹ and 100₹ notes only," it states.An archive can be seen here.(Archives of similar claims can be seen here and here.)What's the truth?: This claim is misle…

The RBI has not directed banks to stop disbursing ₹500 notes through ATMs by 30 September 2025

A post (here, here, here, and here) is going viral on social media platforms claiming that the Reserve Bank of India (RBI) has directed all banks to stop disbursing ₹500 notes through ATMs by 30 September 2025. The post further claims that, going forward, ATMs will dispense only ₹200 and ₹100 notes. Through this article, let us fact-check the claims made in the post. The archived version of this post can be found here. Claim: Reserve Bank of Ind…