RBI On Bank Notes: The government said in Parliament that keeping in mind the transaction needs of the public, the RBI will ensure that the number of notes of all denominations remains available in a balanced manner.
Government On 500 Rupees Notes: It was claimed in many media reports that 500 rupee notes will stop coming out from ATMs. The Finance Ministry has given clarification on this. On behalf of the government, it was said in Parliament that keeping in mind the transaction needs of the public, RBI will ensure that the number of notes of all denominations remains available in a balanced manner.
RBI’s instructions to banks:
To ensure easy access of people to small value notes, RBI has instructed all banks and white label ATM operators to: Ensure the number of 100 and 200 rupee notes to 75 percent by 30 September 2025, and increase their number to 90 percent by 31 March 2026.
Are 500 rupee notes being discontinued?
The aim of the government is not to discontinue 500 rupee notes, but to increase the availability of low denomination notes. In response to a question in Parliament, the government clarified that concerns about Rs 500 notes and their withdrawal from ATMs are baseless.
Why was this step taken?
During the Rajya Sabha session on August 5, 2025, members of the Upper House Y. Venkat Subba Reddy and Milind Deora raised this question. It is worth noting that even before this, the RBI had instructed the banks to ensure the availability of low denomination notes in ATMs, so that the general public does not face any problem in everyday transactions. Whenever people have problems in financial matters, instructions have been given to banks from time to time by the RBI. But, many times due to fake reports, people get suspicious whether the government is banning high value notes or not.
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